Celsius (NASDAQ:CELH) Hits New 1-Year Low on Analyst Downgrade

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) reached a new 52-week low during trading on Wednesday after Piper Sandler lowered their price target on the stock from $50.00 to $47.00. Piper Sandler currently has an overweight rating on the stock. Celsius traded as low as $31.24 and last traded at $31.25, with a volume of 1927487 shares changing hands. The stock had previously closed at $31.63.

A number of other research analysts have also issued reports on the stock. Truist Financial reduced their target price on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. B. Riley reduced their price target on Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. BNP Paribas assumed coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective on the stock. Finally, Wedbush dropped their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.43.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC acquired a new position in shares of Celsius during the first quarter worth $25,000. EverSource Wealth Advisors LLC grew its position in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares in the last quarter. Rise Advisors LLC increased its stake in shares of Celsius by 1,370.0% in the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Celsius in the fourth quarter valued at $25,000. Finally, Beacon Capital Management LLC acquired a new position in Celsius during the 1st quarter worth $40,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Up 1.0 %

The company has a market cap of $7.30 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.45 and a beta of 1.85. The company’s 50-day moving average price is $39.17 and its two-hundred day moving average price is $62.58.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, analysts anticipate that Celsius Holdings, Inc. will post 0.82 earnings per share for the current year.

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.