Stifel Nicolaus Lowers Celsius (NASDAQ:CELH) Price Target to $65.00

Celsius (NASDAQ:CELH) had its target price reduced by Stifel Nicolaus from $85.00 to $65.00 in a report issued on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Truist Financial began coverage on Celsius in a research report on Tuesday. They issued a hold rating and a $60.00 target price on the stock. Stifel Europe lifted their target price on Celsius from $90.00 to $95.00 and gave the company a buy rating in a research report on Monday, March 18th. UBS Group lowered their target price on Celsius from $99.00 to $92.00 and set a buy rating on the stock in a research report on Wednesday, May 8th. Roth Mkm lowered their target price on Celsius from $96.00 to $87.00 and set a buy rating on the stock in a research report on Monday, June 17th. Finally, Jefferies Financial Group lowered their target price on Celsius from $104.00 to $98.00 and set a buy rating on the stock in a research report on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Celsius has an average rating of Moderate Buy and a consensus target price of $81.82.

Celsius Price Performance

CELH opened at $57.09 on Wednesday. The business’s 50-day moving average price is $75.00 and its two-hundred day moving average price is $70.04. Celsius has a 1 year low of $45.03 and a 1 year high of $99.62. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 62.74, a P/E/G ratio of 1.63 and a beta of 1.93.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. Sell-side analysts anticipate that Celsius will post 1.07 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 1,833 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total value of $138,263.19. Following the completion of the sale, the insider now directly owns 41,044 shares in the company, valued at $3,095,948.92. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the transaction, the insider now directly owns 25,464,453 shares in the company, valued at $1,519,463,910.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul H. Storey sold 1,833 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total transaction of $138,263.19. Following the transaction, the insider now owns 41,044 shares of the company’s stock, valued at $3,095,948.92. The disclosure for this sale can be found here. Insiders sold a total of 1,776,696 shares of company stock worth $107,920,209 over the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently made changes to their positions in CELH. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 135 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in Celsius in the 4th quarter valued at about $25,000. Transcendent Capital Group LLC purchased a new stake in Celsius in the 4th quarter valued at about $25,000. FinTrust Capital Advisors LLC purchased a new stake in Celsius in the 1st quarter valued at about $25,000. Finally, Tidemark LLC purchased a new stake in Celsius in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Company Profile

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.