Celsius (NASDAQ:CELH) Price Target Cut to $33.00 by Analysts at Piper Sandler

Celsius (NASDAQ:CELH) had its price objective lowered by Piper Sandler from $47.00 to $33.00 in a research report report published on Thursday, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also issued reports on CELH. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Roth Mkm reduced their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Monday, January 6th. Truist Financial lifted their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Celsius Trading Up 2.9 %

CELH opened at $25.77 on Thursday. The company has a market cap of $6.06 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79. The company has a fifty day moving average price of $28.01 and a two-hundred day moving average price of $33.77. Celsius has a 1-year low of $24.55 and a 1-year high of $99.62.

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 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 sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Van ECK Associates Corp grew its stake in Celsius by 169.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. raised its holdings in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after acquiring an additional 25,315 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Celsius in the third quarter worth $2,772,000. 60.95% of the stock is currently owned by 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.