Celsius (NASDAQ:CELH) PT Lowered to $45.00

Celsius (NASDAQ:CELH) had its target price decreased by research analysts at Truist Financial from $60.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price points to a potential upside of 18.17% from the company’s previous close.

Several other equities research analysts also recently weighed in on CELH. Morgan Stanley reduced their target price on shares of Celsius from $68.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Roth Mkm decreased their price objective on shares of Celsius from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday. Maxim Group dropped their target price on Celsius from $90.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group reduced their price target on Celsius from $98.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Celsius in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $64.79.

Celsius Trading Down 3.8 %

Shares of NASDAQ:CELH traded down $1.51 during trading on Friday, reaching $38.08. The company’s stock had a trading volume of 6,375,326 shares, compared to its average volume of 5,247,784. The firm’s 50 day simple moving average is $55.44 and its two-hundred day simple moving average is $69.10. Celsius has a 12 month low of $36.17 and a 12 month high of $99.62. The stock has a market capitalization of $8.88 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. During the same period last year, the company earned $0.17 EPS. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. Research analysts anticipate that Celsius will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now owns 201,282 shares in the company, valued at approximately $18,169,726.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares in the company, valued at approximately $18,169,726.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in Celsius in the fourth quarter valued at approximately $25,000. FinTrust Capital Advisors LLC purchased a new position in Celsius during the 1st quarter worth $25,000. Tidemark LLC acquired a new position in Celsius during the 4th quarter valued at about $29,000. Heritage Wealth Advisors raised its stake in Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after buying an additional 368 shares during the last quarter. Finally, S.A. Mason LLC acquired a new stake in Celsius in the second quarter worth about $30,000. 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.