Celsius (NASDAQ:CELH) Shares Down 4.6% After Analyst Downgrade

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) dropped 4.6% on Wednesday after Jefferies Financial Group lowered their price target on the stock from $44.00 to $40.00. Jefferies Financial Group currently has a buy rating on the stock. Celsius traded as low as $27.85 and last traded at $27.89. Approximately 3,643,571 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 6,190,117 shares. The stock had previously closed at $29.24.

Several other brokerages have also issued reports on CELH. Bank of America cut their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Roth Mkm cut their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday. B. Riley lowered their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. UBS Group reduced their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Morgan Stanley dropped their target price on shares of Celsius from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.28.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’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 completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius in the 3rd quarter valued at approximately $34,000. Signaturefd LLC raised its holdings in shares of 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 purchasing an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position 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 worth $37,000 after purchasing an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in 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 purchasing an additional 630 shares during the last quarter. Finally, Activest Wealth Management bought a new position in Celsius in the third quarter valued at $39,000. 60.95% of the stock is currently owned by institutional investors.

Celsius Trading Up 3.1 %

The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. The firm’s 50 day simple moving average is $29.89 and its 200-day simple moving average is $40.29.

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.