Celsius (NASDAQ:CELH) Given New $40.00 Price Target at Roth Mkm

Celsius (NASDAQ:CELH) had its target price reduced by Roth Mkm from $43.00 to $40.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

CELH has been the topic of several other reports. B. Riley decreased their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday. LADENBURG THALM/SH SH decreased their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Stifel Nicolaus decreased their price objective on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. Finally, TD Cowen cut their target price on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $54.40.

Celsius Trading Down 3.7 %

Shares of NASDAQ:CELH traded down $1.12 during midday trading on Thursday, reaching $28.89. The company had a trading volume of 5,741,119 shares, compared to its average volume of 5,942,180. The company’s 50 day moving average price is $32.34 and its 200 day moving average price is $51.49. The stock has a market cap of $6.73 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.43 and a beta of 1.86. Celsius has a 52-week low of $27.78 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same period in the previous year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. Research analysts forecast that Celsius will post 0.79 EPS for the current fiscal year.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after buying an additional 127 shares in the last quarter. Moody National Bank Trust Division raised its stake in Celsius by 1.1% during the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after purchasing an additional 181 shares during the period. Bleakley Financial Group LLC raised its stake in Celsius by 1.2% during the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares during the period. Tidal Investments LLC increased its stake in Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after acquiring an additional 249 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Celsius by 4.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock worth $414,000 after acquiring an additional 289 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.