Celsius (NASDAQ:CELH) Price Target Cut to $40.00 by Analysts at Roth Mkm

Celsius (NASDAQ:CELH) had its price objective reduced by research analysts at Roth Mkm from $43.00 to $40.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective would suggest a potential upside of 30.17% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. UBS Group cut 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. Maxim Group cut their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Jefferies Financial Group cut their price objective on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, Truist Financial lifted their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.80.

Celsius Price Performance

Celsius stock traded up $0.69 during mid-day trading on Thursday, reaching $30.73. 2,685,500 shares of the company traded hands, compared to its average volume of 5,914,573. Celsius has a fifty-two week low of $27.78 and a fifty-two week high of $99.62. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86. The firm’s fifty day moving average is $32.49 and its two-hundred day moving average is $51.64.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. As a group, equities research analysts predict that Celsius will post 0.79 earnings per share for the current year.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Institutional investors and hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. raised its stake in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,786 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of Celsius in the 2nd quarter valued at approximately $20,024,000. LRI Investments LLC purchased a new stake in shares of Celsius in the 1st quarter valued at approximately $134,000. Cetera Investment Advisers raised its stake in shares of Celsius by 189.3% in the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after acquiring an additional 122,011 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Celsius in the 1st quarter valued at approximately $563,000. 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.