Celsius (NASDAQ:CELH) Sets New 1-Year Low After Analyst Downgrade

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) reached a new 52-week low on Monday after Stifel Nicolaus lowered their price target on the stock from $45.00 to $37.00. Stifel Nicolaus currently has a buy rating on the stock. Celsius traded as low as $21.45 and last traded at $21.68, with a volume of 1266819 shares traded. The stock had previously closed at $22.41.

A number of other research analysts have also issued reports on the company. Truist Financial boosted their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. LADENBURG THALM/SH SH decreased their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.56.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Celsius during the 4th quarter valued at $61,160,000. SG Americas Securities LLC raised its position in Celsius by 10,320.0% during the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after acquiring an additional 1,072,859 shares in the last quarter. MIG Capital LLC acquired a new stake in Celsius during the 3rd quarter worth about $30,358,000. Finally, Peregrine Capital Management LLC purchased a new position in Celsius during the 4th quarter valued at about $6,439,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Down 3.5 %

The business has a fifty day moving average price of $27.18 and a two-hundred day moving average price of $31.67. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 2.44 and a beta of 1.78.

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.