Celsius (NASDAQ:CELH) Sets New 12-Month Low on Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH) hit a new 52-week low on Thursday after Piper Sandler lowered their price target on the stock from $47.00 to $33.00. Piper Sandler currently has an overweight rating on the stock. Celsius traded as low as $25.12 and last traded at $24.71, with a volume of 167086 shares. The stock had previously closed at $25.35.

CELH has been the subject of several other research reports. Stifel Nicolaus reduced their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Truist Financial boosted their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Jefferies Financial Group lowered their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, LADENBURG THALM/SH SH cut their target price 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Celsius

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

Celsius Stock Down 0.5 %

The firm has a market capitalization of $5.93 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 2.95 and a beta of 1.79. The firm has a 50-day moving average price of $28.05 and a 200 day moving average price of $34.20.

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.