LADENBURG THALM/SH SH Cuts Celsius (NASDAQ:CELH) Price Target to $68.00

Celsius (NASDAQ:CELH) had its price objective decreased by LADENBURG THALM/SH SH from $72.00 to $68.00 in a research note released on Monday morning, Benzinga reports. LADENBURG THALM/SH SH currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Maxim Group lowered their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Bank of America lowered their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. TD Cowen cut their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Roth Mkm lowered their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Finally, Stifel Nicolaus cut their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Celsius Price Performance

Shares of CELH stock opened at $30.46 on Monday. Celsius has a 12-month low of $28.20 and a 12-month high of $99.62. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. The business has a 50 day simple moving average of $34.31 and a 200 day simple moving average of $54.85.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, equities analysts anticipate that Celsius will post 0.82 EPS for the current fiscal year.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Massachusetts Financial Services Co. MA boosted its stake in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after buying an additional 2,754,722 shares during the period. Vanguard Group Inc. grew its stake in shares of Celsius by 18.7% in the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after buying an additional 2,567,290 shares in the last quarter. Capital International Investors increased its holdings in Celsius by 50.6% in the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares during the last quarter. Capital Research Global Investors bought a new position in Celsius during the first quarter valued at approximately $99,746,000. Finally, GQG Partners LLC acquired a new stake in Celsius in the first quarter valued at approximately $76,352,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.