Celsius (NASDAQ:CELH) Price Target Lowered to $38.00 at Roth Mkm

Celsius (NASDAQ:CELH) had its price target cut by stock analysts at Roth Mkm from $40.00 to $38.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target would suggest a potential upside of 22.94% from the stock’s previous close.

CELH has been the subject of a number of other research reports. LADENBURG THALM/SH SH lowered their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Maxim Group lowered their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Jefferies Financial Group dropped their target price on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Finally, Truist Financial lifted their price objective on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $51.17.

Celsius Stock Down 2.8 %

Celsius stock traded down $0.88 during mid-day trading on Monday, reaching $30.91. 3,445,535 shares of the company’s stock traded hands, compared to its average volume of 6,177,750. Celsius has a 12-month low of $25.23 and a 12-month high of $99.62. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 3.44 and a beta of 1.76. The stock has a 50 day moving average of $30.05 and a two-hundred day moving average of $41.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius during the third quarter valued at $34,000. Signaturefd LLC grew its holdings in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of Celsius in the 3rd quarter worth approximately $39,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

About Celsius

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.