Piper Sandler Cuts Celsius (NASDAQ:CELH) Price Target to $47.00

Celsius (NASDAQ:CELH) had its price objective lowered by Piper Sandler from $50.00 to $47.00 in a research report released on Tuesday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research analysts have also commented on the stock. TD Cowen lowered their price objective on shares of Celsius from $68.00 to $50.00 and set a buy rating for the company in a research note on Wednesday, August 7th. Bank of America lowered their price objective 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. BNP Paribas started coverage on shares of Celsius in a research note on Monday, June 24th. They issued an outperform rating and a $87.00 price objective for the company. Roth Mkm lowered their price objective on shares of Celsius from $65.00 to $45.00 and set a buy rating for the company in a research note on Thursday, September 5th. Finally, B. Riley lowered their price objective on shares of Celsius from $80.00 to $73.00 and set a buy rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $57.29.

Celsius Stock Up 3.9 %

Shares of NASDAQ CELH opened at $32.53 on Tuesday. The firm has a 50-day simple moving average of $38.77 and a 200-day simple moving average of $62.37. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.45 and a beta of 1.85. Celsius has a 52 week low of $30.86 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same period in the prior year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, equities research analysts expect that Celsius will post 0.82 EPS for the current year.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC acquired a new position in Celsius during the 1st quarter worth $25,000. EverSource Wealth Advisors LLC grew its position in Celsius by 3,116.7% in 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 in the last quarter. Rise Advisors LLC increased its stake in 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 period. Transcendent Capital Group LLC bought a new stake in shares of Celsius during the 4th quarter worth about $25,000. Finally, Beacon Capital Management LLC bought a new stake in shares of Celsius during the 1st quarter worth about $40,000. 60.95% of the stock is currently owned by institutional investors.

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.