Celsius (NASDAQ:CELH) Given New $40.00 Price Target at Roth Mkm

Celsius (NASDAQ:CELH) had its price objective lowered by Roth Mkm from $43.00 to $40.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

CELH has been the topic of several other research reports. Jefferies Financial Group decreased their price target on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. UBS Group reduced their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday. Piper Sandler dropped their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Truist Financial lifted their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus dropped their price objective on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.40.

Celsius Stock Performance

NASDAQ:CELH opened at $28.90 on Thursday. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 2.51 and a beta of 1.86. The stock’s fifty day moving average price is $32.15 and its two-hundred day moving average price is $51.06. Celsius has a 52-week low of $27.78 and a 52-week high of $99.62.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Trading of Celsius

A number of hedge funds have recently made changes to their positions in CELH. Massachusetts Financial Services Co. MA increased its holdings in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after acquiring an additional 2,754,722 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after purchasing an additional 2,567,290 shares during the last quarter. Capital International Investors raised its position in shares of Celsius by 50.6% in the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after purchasing an additional 1,333,217 shares during the period. Capital Research Global Investors acquired a new stake in shares of Celsius during the 1st quarter worth about $99,746,000. Finally, GQG Partners LLC bought a new stake in shares of Celsius during the 1st quarter worth about $76,352,000. 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.