Celsius (NASDAQ:CELH) Trading Down 1.2% After Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price dropped 1.2% during mid-day trading 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.

CELH has been the subject of a number of other reports. Bank of America raised 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. Morgan Stanley reaffirmed an “equal weight” rating and set a $68.00 target price on shares of Celsius in a research report on Tuesday. Piper Sandler increased their price target on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Maxim Group dropped their price objective on Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, June 18th. Finally, BNP Paribas began coverage on Celsius in a research note on Monday. They set an “outperform” rating and a $87.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average target price of $81.82.

Insider Activity at Celsius

In other Celsius news, insider Paul H. Storey sold 1,833 shares of Celsius stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total value of $138,263.19. Following the completion of the transaction, the insider now directly owns 41,044 shares in the company, valued at $3,095,948.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction dated 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 owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 1,833 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total transaction of $138,263.19. Following the transaction, the insider now directly owns 41,044 shares of the company’s stock, valued at $3,095,948.92. The disclosure for this sale can be found here. Insiders sold a total of 1,776,696 shares of company stock valued at $107,920,209 in the last quarter. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its position in shares of Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after buying an additional 127 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Celsius by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares during the period. Lido Advisors LLC boosted its stake in Celsius by 8.9% during the 3rd quarter. Lido Advisors LLC now owns 2,506 shares of the company’s stock valued at $430,000 after purchasing an additional 205 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Celsius by 1.2% during the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

The stock has a 50 day moving average price of $75.24 and a 200 day moving average price of $69.99. The company has a market cap of $13.41 billion, a P/E ratio of 63.23, a P/E/G ratio of 1.61 and a beta of 1.93.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. Celsius’s revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. As a group, equities research analysts predict that Celsius Holdings, Inc. will post 1.07 earnings per share for the current year.

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.