Celsius (NASDAQ:CELH) Given New $47.00 Price Target at B. Riley

Celsius (NASDAQ:CELH) had its price target lowered by B. Riley from $50.00 to $47.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the stock. B. Riley also issued estimates for Celsius’ Q3 2024 earnings at $0.02 EPS, FY2024 earnings at $0.65 EPS, FY2025 earnings at $0.71 EPS and FY2026 earnings at $1.09 EPS.

A number of other research analysts have also recently commented on CELH. LADENBURG THALM/SH SH decreased their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Roth Mkm decreased their target price on Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Piper Sandler dropped their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Finally, UBS Group dropped their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Trading Down 0.1 %

NASDAQ CELH opened at $30.01 on Monday. The stock has a fifty day simple moving average of $32.34 and a 200-day simple moving average of $51.49. The stock has a market cap of $6.99 billion, a PE ratio of 29.52, a P/E/G ratio of 2.43 and a beta of 1.86. Celsius has a twelve month low of $27.78 and a twelve month high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share 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 analyst estimates of $391.07 million. During the same quarter last year, the firm posted $0.17 earnings per share. Celsius’s revenue was up 23.4% compared to the same quarter last year. Research analysts predict that Celsius will post 0.79 EPS for the current year.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several large investors have recently bought and sold shares of CELH. Vontobel Holding Ltd. lifted its holdings in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after purchasing an additional 22,786 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Celsius in the second quarter valued at approximately $20,024,000. LRI Investments LLC acquired a new stake in shares of Celsius in the first quarter valued at approximately $134,000. Cetera Investment Advisers boosted its holdings in shares of Celsius by 189.3% in the second quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after acquiring an additional 122,011 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Celsius during the first quarter worth approximately $563,000. Institutional investors and hedge funds 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.