Celsius (NASDAQ:CELH) Stock Price Down 0.7% – Should You Sell?

Celsius Holdings, Inc. (NASDAQ:CELH) traded down 0.7% during trading on Monday . The company traded as low as $25.23 and last traded at $25.49. 1,289,170 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 6,011,267 shares. The stock had previously closed at $25.66.

Analysts Set New Price Targets

Several research firms recently weighed in on CELH. UBS Group cut their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. LADENBURG THALM/SH SH cut their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Piper Sandler reduced their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. TD Cowen lowered their price objective on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Roth Mkm reduced their target price on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.40.

Celsius Trading Up 5.8 %

The business has a 50-day moving average of $31.16 and a two-hundred day moving average of $48.63. The firm has a market cap of $6.41 billion, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 2.95 and a beta of 1.86.

Insider Transactions at Celsius

In related 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 of the company’s stock, valued at $59,449,672. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several institutional investors and hedge funds have recently made changes to their positions in CELH. TD Private Client Wealth LLC boosted its stake in shares of Celsius by 66.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,284 shares of the company’s stock valued at $103,000 after purchasing an additional 1,308 shares during the last quarter. Toronto Dominion Bank boosted its position in Celsius by 479.6% during the third quarter. Toronto Dominion Bank now owns 103,702 shares of the company’s stock valued at $3,252,000 after acquiring an additional 85,809 shares during the last quarter. Geode Capital Management LLC grew its holdings in Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after acquiring an additional 104,896 shares during the period. M&T Bank Corp raised its position in shares of Celsius by 49.3% in the 3rd quarter. M&T Bank Corp now owns 30,765 shares of the company’s stock worth $965,000 after acquiring an additional 10,159 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Celsius in the 3rd quarter valued at about $301,000. 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.