Morgan Stanley Cuts Celsius (NASDAQ:CELH) Price Target to $68.00

Celsius (NASDAQ:CELH) had its price objective reduced by Morgan Stanley from $75.00 to $68.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the company. Piper Sandler upped their target price on Celsius from $76.00 to $90.00 and gave the company an overweight rating in a research report on Friday, March 1st. Stifel Nicolaus decreased their target price on Celsius from $95.00 to $85.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. Stifel Europe upped their target price on Celsius from $90.00 to $95.00 and gave the company a buy rating in a research report on Monday, March 18th. Bank of America upped their target price on Celsius from $80.00 to $84.00 and gave the company a neutral rating in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group upped their target price on Celsius from $98.00 to $105.00 and gave the company a buy rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Celsius presently has a consensus rating of Moderate Buy and a consensus target price of $87.56.

Celsius Stock Down 3.4 %

Shares of NASDAQ CELH opened at $59.96 on Wednesday. The business’s 50 day moving average price is $78.46 and its two-hundred day moving average price is $69.57. The company has a market cap of $13.98 billion, a PE ratio of 65.89, a price-to-earnings-growth ratio of 1.75 and a beta of 1.93. Celsius has a twelve month low of $45.03 and a twelve month high of $99.62.

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

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. Insiders sold 1,776,696 shares of company stock worth $107,920,209 over the last three months. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CELH. Covestor Ltd increased its holdings in Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Celsius by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after purchasing an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Celsius by 6.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,944 shares of the company’s stock valued at $505,000 after purchasing an additional 185 shares during the period. Finally, Lido Advisors LLC increased its holdings in Celsius by 8.9% in the third quarter. Lido Advisors LLC now owns 2,506 shares of the company’s stock valued at $430,000 after purchasing an additional 205 shares during the period. 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.