Celsius (NASDAQ:CELH) Rating Lowered to Hold at TD Cowen

Celsius (NASDAQ:CELH) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a report released on Wednesday, Marketbeat Ratings reports. They presently have a $29.00 price target on the stock, down from their previous price target of $40.00. TD Cowen’s target price indicates a potential upside of 15.81% from the company’s current price.

Several other analysts have also commented on CELH. Piper Sandler lowered their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Truist Financial raised their price objective on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Stifel Nicolaus lowered their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Roth Mkm lowered their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Jefferies Financial Group lowered their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given 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 $48.00.

Celsius Price Performance

Shares of CELH opened at $25.04 on Wednesday. Celsius has a one year low of $24.55 and a one year high of $99.62. The company has a 50-day simple moving average of $28.05 and a two-hundred day simple moving average of $34.20. The firm has a market capitalization of $5.89 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.95 and a beta of 1.79.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred 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 sale, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celsius

A number of large investors have recently added to or reduced their stakes in CELH. SG Americas Securities LLC grew its position in Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after purchasing an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC grew its position in Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares during the period. MIG Capital LLC bought a new stake in Celsius in the 3rd quarter worth approximately $30,358,000. Dimensional Fund Advisors LP grew its position in Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Celsius during the 2nd quarter valued at $20,024,000. Institutional investors own 60.95% of the company’s stock.

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.