Celsius (NASDAQ:CELH) PT Lowered to $75.00 at Roth Mkm

Celsius (NASDAQ:CELH) had its target price cut by Roth Mkm from $87.00 to $75.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on CELH. Wedbush cut their price objective on Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a report on Wednesday, June 12th. Morgan Stanley reissued an equal weight rating and issued a $68.00 target price on shares of Celsius in a report on Tuesday, July 9th. UBS Group decreased their price target on Celsius from $99.00 to $92.00 and set a buy rating for the company in a report on Wednesday, May 8th. Jefferies Financial Group dropped their price objective on Celsius from $104.00 to $98.00 and set a buy rating on the stock in a report on Thursday, June 13th. Finally, Bank of America cut their target price on Celsius from $84.00 to $60.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $78.29.

Celsius Price Performance

Shares of CELH stock opened at $49.58 on Thursday. The company has a 50-day moving average of $69.13 and a two-hundred day moving average of $70.61. The firm has a market cap of $11.56 billion, a PE ratio of 54.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.90. Celsius has a 1-year low of $45.03 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data 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. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter last year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. Sell-side analysts anticipate that Celsius will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Celsius news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares in the company, valued at $18,169,726.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Celsius news, Director Hal Kravitz sold 16,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the completion of the sale, the director now directly owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. 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 directly owns 25,035,885 shares in the company, valued at approximately $1,493,891,257.95. The disclosure for this sale can be found here. Insiders sold a total of 1,772,617 shares of company stock worth $107,637,044 in the last 90 days. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Celsius by 183.6% during the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after acquiring an additional 8,899,873 shares during the period. Wellington Management Group LLP raised its stake in shares of Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Celsius by 424.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after buying an additional 2,261,046 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after buying an additional 1,934,400 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Celsius during the fourth quarter worth $101,116,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.