Celsius (NASDAQ:CELH) Price Target Cut to $68.00 by Analysts at JPMorgan Chase & Co.

Celsius (NASDAQ:CELH) had its target price cut by JPMorgan Chase & Co. from $76.00 to $68.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also issued reports on the company. UBS Group decreased their price target on Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating on shares of Celsius in a research note on Thursday. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Citigroup reaffirmed a “buy” rating on shares of Celsius in a research report on Sunday, August 31st. Finally, Cowen reaffirmed a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Twenty investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.95.

Celsius Trading Down 7.9%

CELH stock traded down $3.54 during mid-day trading on Friday, reaching $41.52. 23,647,743 shares of the stock traded hands, compared to its average volume of 7,628,433. The business has a 50-day moving average price of $58.50 and a two-hundred day moving average price of $49.30. The stock has a market capitalization of $10.71 billion, a PE ratio of 112.22, a PEG ratio of 1.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius has a one year low of $21.10 and a one year high of $66.74.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company had revenue of $725.11 million for the quarter, compared to the consensus estimate of $703.68 million. The firm’s revenue was up 172.9% compared to the same quarter last year. Equities research analysts expect that Celsius will post 0.89 EPS for the current year.

Insider Activity

In other news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. This represents a 15.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at $6,449,755. The trade was a 4.80% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 57,500 shares of company stock worth $3,581,975. Corporate insiders own 2.55% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC purchased a new position in shares of Celsius in the third quarter worth $27,000. Summit Securities Group LLC acquired a new stake in Celsius during the 1st quarter worth about $34,000. Hantz Financial Services Inc. grew its stake in Celsius by 1,476.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after purchasing an additional 738 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Celsius by 697.3% in the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after purchasing an additional 788 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Celsius by 244.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after purchasing an additional 794 shares during the last quarter. 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.