Celsius (NASDAQ:CELH) Given New $60.00 Price Target at Bank of America

Celsius (NASDAQ:CELHFree Report) had its price target cut by Bank of America from $84.00 to $60.00 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently commented on CELH. Truist Financial assumed coverage on shares of Celsius in a report on Tuesday, June 25th. They issued a hold rating and a $60.00 target price on the stock. BNP Paribas assumed coverage on shares of Celsius in a report on Monday, June 24th. They issued an outperform rating and a $87.00 target price on the stock. Stifel Europe boosted their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a buy rating in a report on Monday, March 18th. Jefferies Financial Group dropped their target price on shares of Celsius from $104.00 to $98.00 and set a buy rating on the stock in a report on Thursday, June 13th. Finally, Maxim Group dropped their target price on shares of Celsius from $110.00 to $90.00 and set a buy rating on the stock in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $80.22.

Get Our Latest Report on Celsius

Celsius Trading Up 2.4 %

CELH stock opened at $56.91 on Wednesday. Celsius has a 52 week low of $45.03 and a 52 week high of $99.62. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 62.54, a price-to-earnings-growth ratio of 1.62 and a beta of 1.90. The firm’s 50-day moving average is $72.60 and its two-hundred day moving average is $70.56.

Celsius (NASDAQ:CELHGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. During the same period in the previous year, the firm earned $0.13 EPS. Celsius’s revenue was up 36.9% on a year-over-year basis. On average, equities research analysts predict that Celsius will post 1.07 earnings per share for the current year.

Insider Activity at Celsius

In related news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the transaction, the insider now owns 226,245 shares in the company, valued at approximately $21,029,472.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now owns 83,670 shares in the company, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,776,696 shares of company stock valued at $107,920,209. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Covestor Ltd increased its stake in shares of Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after purchasing an additional 127 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Celsius by 0.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares during the last quarter. Moody National Bank Trust Division grew its stake in Celsius by 1.1% in the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after buying an additional 181 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Celsius by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after buying an additional 215 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

About Celsius

(Get Free Report)

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.

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