Celsius (NASDAQ:CELH) Given New $42.00 Price Target at Morgan Stanley

Celsius (NASDAQ:CELH) had its target price trimmed by Morgan Stanley from $46.00 to $42.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts have also issued reports on the stock. Truist Financial increased their target price 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. Jefferies Financial Group lowered their price objective on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. UBS Group dropped their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Bank of America reduced their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Finally, B. Riley dropped their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.28.

Celsius Stock Up 1.2 %

Shares of Celsius stock traded up $0.33 during trading on Wednesday, reaching $27.42. The company’s stock had a trading volume of 2,991,764 shares, compared to its average volume of 6,235,039. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The firm has a market cap of $6.44 billion, a PE ratio of 38.08, a P/E/G ratio of 3.44 and a beta of 1.76. The business’s 50-day moving average price is $30.03 and its 200-day moving average price is $40.38.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CELH. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Celsius in the third quarter valued at about $34,000. Signaturefd LLC boosted its holdings in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in shares of Celsius in the 3rd quarter worth approximately $39,000. 60.95% of the stock is owned by institutional investors.

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.