Celsius (NASDAQ:CELH) Price Target Cut to $85.00 by Analysts at Stifel Nicolaus

Celsius (NASDAQ:CELH) had its target price lowered by Stifel Nicolaus from $95.00 to $85.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on CELH. Stifel Europe lifted their price objective on Celsius from $90.00 to $95.00 and gave the stock a buy rating in a research report on Monday, March 18th. Maxim Group boosted their price objective on shares of Celsius from $100.00 to $110.00 and gave the company a buy rating in a research report on Monday, April 1st. Bank of America cut shares of Celsius from a buy rating to a neutral rating and set a $65.00 target price for the company. in a research report on Friday, January 19th. Piper Sandler increased their price target on shares of Celsius from $76.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, March 1st. Finally, UBS Group raised their price objective on shares of Celsius from $73.00 to $99.00 and gave the stock a buy rating in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Celsius currently has a consensus rating of Moderate Buy and a consensus target price of $85.45.

Celsius Stock Up 2.1 %

NASDAQ:CELH opened at $75.97 on Thursday. The firm has a market capitalization of $17.55 billion, a P/E ratio of 98.24, a P/E/G ratio of 2.22 and a beta of 1.93. The company has a fifty day moving average of $80.79 and a 200 day moving average of $65.58. Celsius has a 52 week low of $32.99 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The company had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. During the same period in the prior year, the business posted $0.01 earnings per share. Celsius’s revenue for the quarter was up 95.2% on a year-over-year basis. As a group, analysts anticipate that Celsius will post 1.09 EPS for the current year.

Insider Activity

In related news, major shareholder Dean Desantis sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the sale, the insider now owns 219,257 shares in the company, valued at approximately $20,993,857.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the sale, the insider now directly owns 219,257 shares of the company’s stock, valued at $20,993,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Caroline S. Levy sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the transaction, the director now owns 37,891 shares of the company’s stock, valued at $3,590,930.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,186,215 shares of company stock worth $80,215,119. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Celsius in the 4th quarter worth $25,000. Transcendent Capital Group LLC purchased a new position in shares of Celsius in the fourth quarter worth $25,000. FinTrust Capital Advisors LLC bought a new position in shares of Celsius during the first quarter valued at $25,000. Finally, Tidemark LLC purchased a new stake in shares of Celsius during the fourth quarter valued at $29,000. Institutional investors own 60.95% of the company’s stock.

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.