Celsius (NASDAQ:CELH) Price Target Lowered to $58.00 at LADENBURG THALM/SH SH

Celsius (NASDAQ:CELH) had its target price reduced by LADENBURG THALM/SH SH from $62.00 to $58.00 in a report released on Thursday,Benzinga reports. LADENBURG THALM/SH SH currently has a neutral rating on the stock.

Several other equities analysts also recently commented on CELH. Needham & Company LLC boosted their price target on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group lowered their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. UBS Group reduced their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.41.

Celsius Trading Up 0.7 %

Shares of CELH opened at $35.15 on Thursday. The firm has a market capitalization of $8.26 billion, a P/E ratio of 79.89, a P/E/G ratio of 2.90 and a beta of 1.90. The firm has a 50-day moving average price of $26.73 and a 200 day moving average price of $28.82. Celsius has a 12-month low of $21.10 and a 12-month high of $98.85.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Equities research analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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. Charles Schwab Investment Management Inc. increased its holdings in shares of Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Algert Global LLC increased its holdings in Celsius by 398.9% in the third quarter. Algert Global LLC now owns 18,260 shares of the company’s stock valued at $573,000 after buying an additional 14,600 shares in the last quarter. Pitcairn Co. purchased a new stake in shares of Celsius during the 3rd quarter worth approximately $256,000. Swedbank AB grew its holdings in shares of Celsius by 49.7% in the 3rd quarter. Swedbank AB now owns 11,507 shares of the company’s stock worth $361,000 after acquiring an additional 3,818 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Celsius by 4.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 20,556 shares of the company’s stock valued at $644,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.