Stifel Nicolaus Cuts Celsius (NASDAQ:CELH) Price Target to $60.00

Celsius (NASDAQ:CELH) had its price objective reduced by Stifel Nicolaus from $74.00 to $60.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group upped their price objective on shares of Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Cowen reissued a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Celsius in a research note on Wednesday. Morgan Stanley set a $70.00 price objective on shares of Celsius in a report on Tuesday, September 30th. Finally, Piper Sandler lifted their target price on shares of Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Twenty analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

Celsius Trading Down 7.9%

NASDAQ:CELH opened at $41.52 on Friday. The company has a market capitalization of $10.71 billion, a P/E ratio of 112.22, a P/E/G ratio of 1.25 and a beta of 1.34. The stock’s 50 day moving average price is $58.50 and its 200 day moving average price is $49.46. 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 52 week low of $21.10 and a 52 week high of $66.74.

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

Insider Activity

In related news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Thursday, October 16th. The shares were 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 owned 99,227 shares in the company, valued at approximately $6,449,755. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 7,500 shares of Celsius stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the sale, the insider directly owned 37,550 shares in the company, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 57,500 shares of company stock valued at $3,581,975. Insiders own 2.55% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in Celsius by 9,579.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock valued at $38,451,000 after buying an additional 820,297 shares during the period. Belpointe Asset Management LLC bought a new stake in Celsius in the second quarter valued at about $835,000. SWS Partners acquired a new position in Celsius in the second quarter worth about $1,719,000. Polianta Ltd bought a new position in Celsius during the second quarter worth about $1,428,000. Finally, CWM LLC boosted its holdings in Celsius by 182.1% during the second quarter. CWM LLC now owns 20,698 shares of the company’s stock valued at $960,000 after purchasing an additional 13,362 shares in the last quarter. 60.95% of the stock is currently owned by 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.