UBS Group Trims Celsius (NASDAQ:CELH) Target Price to $64.00

Celsius (NASDAQ:CELH) had its target price decreased by equities researchers at UBS Group from $70.00 to $64.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 58.69% from the stock’s current price.

A number of other analysts have also issued reports on CELH. Wedbush reduced their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Roth Mkm reduced their target price on Celsius from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen reduced their target price on Celsius from $85.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 15th. Bank of America reduced their target price on Celsius from $84.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Jefferies Financial Group reduced their target price on Celsius from $98.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.98.

Celsius Stock Performance

Shares of Celsius stock traded down $0.05 on Wednesday, reaching $40.33. 4,687,421 shares of the company were exchanged, compared to its average volume of 5,172,521. Celsius has a 1-year low of $39.01 and a 1-year high of $99.62. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 44.49, a P/E/G ratio of 1.38 and a beta of 1.90. The company’s 50-day moving average is $58.72 and its two-hundred day moving average is $69.59.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Celsius will post 1.05 earnings per share for the current year.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the completion of the transaction, the director now directly owns 201,282 shares in the company, valued at approximately $18,169,726.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Celsius by 18.7% in the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares in the last quarter. Capital International Investors raised its holdings in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after buying an additional 1,934,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Celsius by 36.7% during the 2nd 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 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.