Celsius (NASDAQ:CELH) Price Target Cut to $47.00 by Analysts at B. Riley

Celsius (NASDAQ:CELH) had its target price dropped by investment analysts at B. Riley from $50.00 to $47.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective points to a potential upside of 51.37% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. UBS Group decreased their price objective on Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Finally, LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.27.

Celsius Stock Down 1.4 %

CELH stock traded down $0.43 during midday trading on Monday, reaching $31.05. The stock had a trading volume of 2,716,066 shares, compared to its average volume of 5,829,404. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.34 and a beta of 1.86. Celsius has a twelve month low of $28.20 and a twelve month high of $99.62. The business has a fifty day simple moving average of $32.99 and a two-hundred day simple moving average of $52.33.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter in the previous year, the company earned $0.17 EPS. Celsius’s revenue was up 23.4% on a year-over-year basis. On average, equities analysts predict that Celsius will post 0.79 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CELH. Mirae Asset Global Investments Co. Ltd. grew its position in Celsius by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,515 shares of the company’s stock worth $5,563,000 after buying an additional 10,634 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Celsius by 142.2% in the first quarter. Janney Montgomery Scott LLC now owns 26,090 shares of the company’s stock valued at $2,163,000 after purchasing an additional 15,316 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in Celsius during the first quarter worth about $461,000. Nordea Investment Management AB grew its stake in Celsius by 41.9% during the first quarter. Nordea Investment Management AB now owns 11,550 shares of the company’s stock worth $962,000 after buying an additional 3,412 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Celsius by 1.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 16,646 shares of the company’s stock valued at $1,380,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.