LADENBURG THALM/SH SH Lowers Celsius (NASDAQ:CELH) Price Target to $58.00

Celsius (NASDAQ:CELH) had its price objective reduced by equities researchers at LADENBURG THALM/SH SH from $62.00 to $58.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s target price indicates a potential upside of 65.95% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Piper Sandler lowered their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. UBS Group cut their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Needham & Company LLC boosted their price objective on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.41.

Celsius Price Performance

Shares of CELH stock traded up $0.05 on Thursday, hitting $34.95. The stock had a trading volume of 2,715,989 shares, compared to its average volume of 7,386,018. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 79.43, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius has a 12-month low of $21.10 and a 12-month high of $98.85. The business has a 50 day moving average of $26.58 and a 200 day moving average of $28.78.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. As a group, research analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Celsius by 85.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after purchasing an additional 26,801 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in Celsius during the 3rd quarter valued at about $2,772,000. Diversified Trust Co bought a new position in Celsius during the 4th quarter valued at approximately $869,000. Finally, Bennett Selby Investments LP lifted its holdings in Celsius by 392.6% in the 4th quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock worth $1,360,000 after buying an additional 41,161 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

About Celsius

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.