Shares of Celsius Holdings, Inc. (NASDAQ:CELH – Get Free Report) were down 1.2% on Wednesday after Stifel Nicolaus lowered their price target on the stock from $85.00 to $65.00. Stifel Nicolaus currently has a buy rating on the stock. Celsius traded as low as $52.26 and last traded at $55.17. Approximately 2,703,162 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 4,998,504 shares. The stock had previously closed at $55.86.
A number of other analysts have also commented on CELH. Morgan Stanley reaffirmed an “equal weight” rating and set a $68.00 target price on shares of Celsius in a report on Tuesday. Bank of America boosted their price target on shares of Celsius from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 29th. Wedbush decreased their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Roth Mkm decreased their price target on shares of Celsius from $96.00 to $87.00 and set a “buy” rating for the company in a report on Monday, June 17th. Finally, Piper Sandler boosted their price target on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.82.
Insider Activity at Celsius
In related news, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now directly owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,776,696 shares of company stock valued at $107,920,209. 2.20% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Celsius
Several institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Vanguard Group Inc. lifted its position in Celsius by 183.6% during the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after buying an additional 8,899,873 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after purchasing an additional 2,306,598 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Celsius by 424.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after purchasing an additional 2,261,046 shares during the period. Eagle Asset Management Inc. raised its holdings in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after purchasing an additional 1,934,400 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Celsius in the 4th quarter valued at about $101,116,000. 60.95% of the stock is owned by institutional investors.
Celsius Stock Performance
The stock’s fifty day moving average price is $75.77 and its 200-day moving average price is $70.17. The company has a market capitalization of $13.18 billion, a P/E ratio of 62.05, a PEG ratio of 1.61 and a beta of 1.93.
Celsius (NASDAQ:CELH – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same period in the prior year, the firm earned $0.13 EPS. Celsius’s quarterly revenue was up 36.9% compared to the same quarter last year. On average, research analysts predict that Celsius Holdings, Inc. will post 1.07 EPS for the current fiscal 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.