Wall Street Zen downgraded shares of Celsius (NASDAQ:CELH – Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
A number of other analysts have also recently weighed in on the stock. Zacks Research cut shares of Celsius from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Sanford C. Bernstein lowered shares of Celsius from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $44.00 to $26.00 in a report on Friday, August 7th. Weiss Ratings lowered shares of Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Maxim Group downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Citigroup dropped their price objective on shares of Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $43.38.
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Celsius Price Performance
Celsius (NASDAQ:CELH – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. Celsius had a return on equity of 36.52% and a net margin of 4.24%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. As a group, equities research analysts expect that Celsius will post 1.43 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Hal Kravitz bought 12,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of $28.00 per share, with a total value of $336,000.00. Following the completion of the transaction, the director directly owned 239,158 shares of the company’s stock, valued at approximately $6,696,424. This represents a 5.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Fieldly bought 18,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was bought at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the transaction, the chief executive officer directly owned 956,063 shares of the company’s stock, valued at $26,234,368.72. This trade represents a 1.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 66,000 shares of company stock worth $1,830,120 in the last three months. 2.33% of the stock is owned by insiders.
Institutional Trading of Celsius
A number of large investors have recently modified their holdings of the company. State Street Corp boosted its stake in Celsius by 4.5% during the 2nd quarter. State Street Corp now owns 5,253,654 shares of the company’s stock valued at $153,861,000 after purchasing an additional 227,418 shares during the period. Geode Capital Management LLC increased its stake in shares of Celsius by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock valued at $163,112,000 after purchasing an additional 277,424 shares during the period. Norges Bank acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $140,803,000. BNP Paribas Financial Markets raised its holdings in shares of Celsius by 0.9% during the fourth quarter. BNP Paribas Financial Markets now owns 1,728,735 shares of the company’s stock valued at $79,072,000 after buying an additional 15,565 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Celsius during the fourth quarter valued at approximately $70,632,000. Institutional investors and hedge funds own 60.95% of the company’s stock.
Celsius Company Profile
Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.
The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.
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