Jefferies Financial Group Cuts Celsius (NASDAQ:CELH) Price Target to $98.00

Celsius (NASDAQ:CELH) had its price target cut by Jefferies Financial Group from $104.00 to $98.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

CELH has been the topic of a number of other reports. Stifel Nicolaus reduced their target price on shares of Celsius from $95.00 to $85.00 and set a buy rating on the stock in a research report on Wednesday. Wedbush reduced their target price on shares of Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a research report on Wednesday. Stifel Europe boosted their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a buy rating in a research report on Monday, March 18th. Bank of America boosted their target price on shares of Celsius from $80.00 to $84.00 and gave the stock a neutral rating in a research report on Wednesday, May 29th. Finally, UBS Group cut their price target on shares of Celsius from $99.00 to $92.00 and set a buy rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Celsius presently has an average rating of Moderate Buy and an average price target of $87.56.

Celsius Stock Down 3.4 %

CELH opened at $59.96 on Thursday. Celsius has a 52-week low of $45.03 and a 52-week high of $99.62. The company has a 50 day moving average of $78.46 and a two-hundred day moving average of $69.57. The company has a market cap of $13.98 billion, a P/E ratio of 65.89, a P/E/G ratio of 1.75 and a beta of 1.93.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. Research analysts anticipate that Celsius will post 1.09 earnings per share for the current year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the transaction, the insider now owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Insiders sold 1,776,696 shares of company stock worth $107,920,209 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of hedge funds have recently bought and sold shares of CELH. Cary Street Partners Investment Advisory LLC lifted its stake in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in Celsius during the fourth quarter valued at about $25,000. Transcendent Capital Group LLC purchased a new stake in Celsius during the fourth quarter valued at about $25,000. FinTrust Capital Advisors LLC purchased a new stake in Celsius during the first quarter valued at about $25,000. Finally, Tidemark LLC purchased a new stake in shares of Celsius in the fourth quarter worth approximately $29,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.