Celsius (NASDAQ:CELH) PT Lowered to $100.00 at B. Riley

Celsius (NASDAQ:CELHGet Rating) had its price objective cut by equities researchers at B. Riley from $115.00 to $100.00 in a report issued on Wednesday, The Fly reports. B. Riley’s price target would suggest a potential upside of 114.00% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Credit Suisse Group reduced their target price on shares of Celsius from $103.00 to $50.00 in a report on Wednesday, January 26th. LADENBURG THALM/SH SH increased their target price on shares of Celsius from $113.50 to $120.00 in a report on Wednesday. Finally, Maxim Group upgraded shares of Celsius from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $96.75.

Shares of CELH stock opened at $46.73 on Wednesday. The business has a 50 day moving average of $53.58. Celsius has a one year low of $38.31 and a one year high of $110.22. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 194.71 and a beta of 1.95.

Celsius (NASDAQ:CELHGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Celsius had a net margin of 6.12% and a return on equity of 10.83%. The firm had revenue of $133.39 million for the quarter, compared to analyst estimates of $114.27 million. During the same period in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 166.6% compared to the same quarter last year. On average, analysts forecast that Celsius will post 0.28 earnings per share for the current fiscal year.

In other news, major shareholder William H. Milmoe sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $60.04, for a total value of $1,200,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.19% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Celsius by 78.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,636 shares of the company’s stock valued at $1,083,000 after purchasing an additional 8,650 shares in the last quarter. Swiss National Bank grew its position in shares of Celsius by 8.0% in the 1st quarter. Swiss National Bank now owns 79,700 shares of the company’s stock valued at $4,398,000 after buying an additional 5,900 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Celsius by 6.4% in the 1st quarter. Teacher Retirement System of Texas now owns 6,921 shares of the company’s stock valued at $382,000 after buying an additional 419 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Celsius by 7.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 4,270 shares of the company’s stock valued at $236,000 after buying an additional 282 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its position in shares of Celsius by 50.6% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 9,073 shares of the company’s stock valued at $501,000 after buying an additional 3,050 shares during the last quarter. Institutional investors and hedge funds own 45.59% of the company’s stock.

Celsius Company Profile (Get Rating)

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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