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

Celsius Holdings, Inc. (NASDAQ:CELH) hit a new 52-week low during trading 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 traded. The stock had previously closed at $25.35.

Several other brokerages have also recently commented on CELH. B. Riley dropped their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Morgan Stanley restated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. JPMorgan Chase & Co. initiated coverage on Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Financial Group lowered their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, LADENBURG THALM/SH SH reduced their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Celsius has an average rating of “Moderate Buy” and an average price target of $48.00.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’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 completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Northwestern Mutual Wealth Management Co. lifted its position in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after purchasing an additional 289 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares during the period. Signaturefd LLC boosted its position in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the last quarter. Blue Trust Inc. grew its holdings in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

The business has a 50 day moving average price of $28.01 and a 200-day moving average price of $33.93. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 2.79 and a beta of 1.79.

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.