Jefferies Financial Group Lowers Celsius (NASDAQ:CELH) Price Target to $68.00

Celsius (NASDAQ:CELH) had its price objective reduced by Jefferies Financial Group from $98.00 to $68.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on the stock. UBS Group cut their price target on shares of Celsius from $99.00 to $92.00 and set a buy rating on the stock in a research note on Wednesday, May 8th. Maxim Group cut their price target on shares of Celsius from $110.00 to $90.00 and set a buy rating on the stock in a research note on Tuesday, June 18th. Wedbush cut their price target on shares of Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a research note on Wednesday, June 12th. BNP Paribas started coverage on shares of Celsius in a research note on Monday, June 24th. They issued an outperform rating and a $87.00 price objective on the stock. Finally, Roth Mkm dropped their price objective on shares of Celsius from $87.00 to $75.00 and set a buy rating on the stock in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $76.51.

Celsius Trading Down 3.9 %

Celsius stock opened at $45.64 on Monday. The stock has a market cap of $10.64 billion, a P/E ratio of 50.15, a price-to-earnings-growth ratio of 1.47 and a beta of 1.90. The company has a fifty day simple moving average of $66.51 and a 200-day simple moving average of $70.31. Celsius has a 12-month low of $45.03 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. During the same period last year, the business earned $0.13 EPS. Celsius’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Celsius will post 1.06 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Paul H. Storey sold 1,833 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total transaction of $138,263.19. Following the sale, the insider now owns 41,044 shares of the company’s stock, valued at $3,095,948.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now directly owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold a total of 1,772,617 shares of company stock valued at $107,637,044 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after buying an additional 127 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Celsius by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after purchasing an additional 181 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Celsius by 1.1% in the second 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 in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Celsius by 1.2% in the first 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 in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Celsius by 4.3% in the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after purchasing an additional 249 shares in the last quarter. 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.