Jefferies Financial Group Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its target price reduced by analysts at Jefferies Financial Group from $44.00 to $40.00 in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 48.09% from the stock’s previous close.

A number of other analysts also recently commented on CELH. Needham & Company LLC initiated coverage on shares of Celsius in a report on Friday, December 6th. They set a “buy” rating and a $38.00 price objective on the stock. Bank of America lowered their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Maxim Group reduced their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus lowered their target price on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Truist Financial lifted their price target on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $50.28.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $27.01 on Thursday. Celsius has a one year low of $25.23 and a one year high of $99.62. The firm has a market capitalization of $6.35 billion, a P/E ratio of 37.51, a PEG ratio of 3.44 and a beta of 1.76. The company’s fifty day moving average is $29.78 and its two-hundred day moving average is $39.96.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its stake in shares of Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares during the period. Worldquant Millennium Advisors LLC raised its position in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the period. MIG Capital LLC acquired a new position in shares of Celsius during the third quarter worth about $30,358,000. Bank of New York Mellon Corp boosted its position in shares of Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after buying an additional 790,014 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after buying an additional 460,227 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.