Celsius (NASDAQ:CELH) Price Target Cut to $50.00 by Analysts at Morgan Stanley

Celsius (NASDAQ:CELH) had its price target reduced by investment analysts at Morgan Stanley from $68.00 to $50.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 23.98% from the stock’s current price.

A number of other brokerages have also weighed in on CELH. UBS Group decreased their target price on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Wedbush decreased their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. B. Riley reduced their price target on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price target on shares of Celsius in a research note on Tuesday, July 9th. Finally, Maxim Group lowered their target price on Celsius from $90.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.98.

Celsius Stock Performance

Shares of NASDAQ CELH traded down $0.05 during mid-day trading on Wednesday, hitting $40.33. The stock had a trading volume of 4,687,421 shares, compared to its average volume of 5,172,521. Celsius has a 1 year low of $39.01 and a 1 year high of $99.62. The firm has a market cap of $9.40 billion, a P/E ratio of 44.49, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. The business has a 50 day moving average price of $58.72 and a two-hundred day moving average price of $69.59.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. Equities research analysts predict that Celsius will post 1.05 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, Director Hal Kravitz sold 16,500 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred 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 directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now directly owns 201,282 shares in the company, valued at $18,169,726.14. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Celsius

Institutional investors have recently made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius in the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares during the last quarter. Rise Advisors LLC boosted its stake in Celsius by 1,370.0% during the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Celsius during the fourth quarter worth $25,000. Finally, Beacon Capital Management LLC acquired a new position in Celsius during the first quarter worth $40,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.