Jefferies Financial Group Cuts Celsius (NASDAQ:CELH) Price Target to $40.00

Celsius (NASDAQ:CELH) had its price objective trimmed by Jefferies Financial Group from $44.00 to $40.00 in a report issued on Thursday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price objective on shares of Celsius from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday. Needham & Company LLC started coverage on shares of Celsius in a report on Friday, December 6th. They set a “buy” rating and a $38.00 target price on the stock. B. Riley decreased their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. Finally, Piper Sandler cut their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $50.28.

Celsius Stock Down 1.9 %

Shares of CELH traded down $0.53 during mid-day trading on Thursday, hitting $27.41. 1,020,786 shares of the company’s stock were exchanged, compared to its average volume of 6,241,092. Celsius has a twelve month low of $25.23 and a twelve month high of $99.62. The firm has a fifty day moving average of $29.89 and a two-hundred day moving average of $40.29. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 38.07, a P/E/G ratio of 3.44 and a beta of 1.76.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after purchasing an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. increased its stake in shares of Celsius by 17.1% during the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after purchasing an additional 25,315 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after purchasing an additional 22,786 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Celsius during the third quarter worth about $2,772,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.