LADENBURG THALM/SH SH Cuts Celsius (NASDAQ:CELH) Price Target to $58.00

Celsius (NASDAQ:CELH) had its price target reduced by LADENBURG THALM/SH SH from $62.00 to $58.00 in a report released on Thursday,Benzinga reports. LADENBURG THALM/SH SH currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. Roth Mkm reiterated a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Friday, February 21st. B. Riley reiterated a “buy” rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.41.

Celsius Price Performance

Shares of CELH stock opened at $33.65 on Thursday. Celsius has a one year low of $21.10 and a one year high of $98.85. The stock has a fifty day moving average price of $26.86 and a 200 day moving average price of $28.80. The stock has a market cap of $7.91 billion, a P/E ratio of 76.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Equities research analysts anticipate that Celsius will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently modified their holdings of the stock. American Assets Investment Management LLC bought a new position in Celsius during the 4th quarter worth approximately $1,054,000. Heck Capital Advisors LLC bought a new position in shares of Celsius during the fourth quarter worth $219,000. GF Fund Management CO. LTD. acquired a new position in shares of Celsius in the 4th quarter valued at $4,855,000. Sunbelt Securities Inc. grew its holdings in shares of Celsius by 23.4% in the 4th quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company’s stock valued at $118,000 after buying an additional 864 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Celsius in the 4th quarter valued at $1,684,000. 60.95% of the stock is currently 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.