Celsius (NASDAQ:CELH – Get Free Report) had its target price cut by Piper Sandler from $47.00 to $33.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 28.06% from the company’s current price.
CELH has been the topic of several other reports. Stifel Nicolaus decreased their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $29.00 in a research note on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.00.
Check Out Our Latest Report on Celsius
Celsius Price Performance
Insider Buying and Selling at Celsius
In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction 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. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.
Hedge Funds Weigh In On Celsius
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Celsius in the third quarter worth $34,000. Signaturefd LLC grew its position in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after buying an additional 505 shares during the period. Newbridge Financial Services Group Inc. raised its position in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after acquiring an additional 630 shares during the last quarter. Finally, S.A. Mason LLC lifted its stake in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.
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.
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