Celsius (NASDAQ:CELH) Given New $58.00 Price Target at LADENBURG THALM/SH SH

Celsius (NASDAQ:CELH) had its price target trimmed by LADENBURG THALM/SH SH from $62.00 to $58.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also weighed in on CELH. UBS Group cut their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Roth Mkm reiterated a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Stifel Nicolaus dropped their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. Piper Sandler reduced their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average target price of $44.41.

Celsius Trading Up 0.7 %

Celsius stock opened at $35.15 on Thursday. The stock has a market cap of $8.26 billion, a PE ratio of 79.89, a P/E/G ratio of 2.90 and a beta of 1.90. The stock has a 50-day moving average price of $26.73 and a 200 day moving average price of $28.82. Celsius has a 52 week low of $21.10 and a 52 week high of $98.85.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, equities analysts predict that Celsius will post 0.89 EPS for the current year.

Insiders Place Their Bets

In other Celsius news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the last quarter. Algert Global LLC grew its position in shares of Celsius by 398.9% in the 3rd quarter. Algert Global LLC now owns 18,260 shares of the company’s stock worth $573,000 after acquiring an additional 14,600 shares in the last quarter. Pitcairn Co. bought a new stake in shares of Celsius in the 3rd quarter valued at approximately $256,000. Swedbank AB raised its position in shares of Celsius by 49.7% during the 3rd quarter. Swedbank AB now owns 11,507 shares of the company’s stock valued at $361,000 after acquiring an additional 3,818 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Celsius by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 20,556 shares of the company’s stock worth $644,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.