Celsius (NASDAQ:CELH) Given New $48.00 Price Target at JPMorgan Chase & Co.

Celsius (NASDAQ:CELH) had its price target decreased by JPMorgan Chase & Co. from $52.00 to $48.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 72.82% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC lowered their target price on shares of Celsius from $55.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings cut shares of Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein downgraded shares of Celsius from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $44.00 to $26.00 in a report on Friday, August 7th. The Goldman Sachs Group set a $45.00 price target on shares of Celsius in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Celsius from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research note on Thursday, August 27th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.53.

Celsius Price Performance

CELH traded down $0.69 on Monday, hitting $27.77. 1,753,412 shares of the company’s stock traded hands, compared to its average volume of 7,783,325. The company’s 50 day simple moving average is $29.41 and its 200-day simple moving average is $30.16. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 115.55, a P/E/G ratio of 2.06 and a beta of 1.01. Celsius has a one year low of $23.56 and a one year high of $64.14. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%. The business had revenue of $817.93 million during the quarter, compared to the consensus estimate of $870.08 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that Celsius will post 1.42 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John Fieldly acquired 18,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the transaction, the chief executive officer directly owned 956,063 shares in the company, valued at approximately $26,234,368.72. This trade represents a 1.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Damon DeSantis acquired 16,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $27.95 per share, with a total value of $447,200.00. Following the completion of the purchase, the director directly owned 2,728,187 shares in the company, valued at approximately $76,252,826.65. The trade was a 0.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 66,000 shares of company stock valued at $1,830,120 over the last ninety days. 2.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its position in Celsius by 4.5% during the second quarter. State Street Corp now owns 5,253,654 shares of the company’s stock valued at $153,861,000 after acquiring an additional 227,418 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Celsius in the second quarter valued at $43,040,000. Jennison Associates LLC raised its stake in shares of Celsius by 2.4% in the first quarter. Jennison Associates LLC now owns 1,298,521 shares of the company’s stock valued at $46,072,000 after acquiring an additional 30,327 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Celsius by 1.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,203,942 shares of the company’s stock worth $35,251,000 after acquiring an additional 21,025 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Celsius by 35.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,058,503 shares of the company’s stock worth $37,565,000 after acquiring an additional 276,369 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Company Profile

Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.

Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.