Celsius (NASDAQ:CELH) PT Lowered to $90.00

Celsius (NASDAQ:CELH) had its target price reduced by Maxim Group from $110.00 to $90.00 in a report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on CELH. UBS Group dropped their price objective on shares of Celsius from $99.00 to $92.00 and set a buy rating for the company in a report on Wednesday, May 8th. Stifel Nicolaus lowered their price objective on shares of Celsius from $95.00 to $85.00 and set a buy rating for the company in a research note on Wednesday, June 12th. Wedbush cut their price objective on shares of Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a report on Wednesday, June 12th. Roth Mkm lowered their target price on shares of Celsius from $96.00 to $87.00 and set a buy rating on the stock in a research report on Monday, June 17th. Finally, TD Cowen lowered their price objective on shares of Celsius from $95.00 to $85.00 and set a buy rating on the stock in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $84.64.

Celsius Price Performance

CELH stock opened at $62.48 on Tuesday. The firm’s fifty day simple moving average is $76.38 and its 200-day simple moving average is $69.82. The company has a market capitalization of $14.56 billion, a P/E ratio of 68.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.93. Celsius has a 12 month low of $45.03 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, sell-side analysts forecast that Celsius will post 1.07 earnings per share for the current year.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction dated 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 sale, the director now owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. Insiders sold 1,776,696 shares of company stock valued at $107,920,209 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CELH. Cary Street Partners Investment Advisory LLC boosted its stake in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius during the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after buying an additional 374 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of Celsius by 1,370.0% during the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Celsius during the 4th quarter valued at about $25,000. 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.