Stifel Nicolaus Cuts Celsius (NASDAQ:CELH) Price Target to $85.00

Celsius (NASDAQ:CELH) had its target price lowered by equities research analysts at Stifel Nicolaus from $95.00 to $85.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 11.89% from the company’s current price.

Other research analysts have also issued reports about the company. Roth Mkm increased their price objective on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. UBS Group increased their price target on Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Piper Sandler boosted their price objective on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Friday, January 19th. Finally, Jefferies Financial Group boosted their price target on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.45.

Celsius Stock Performance

Shares of NASDAQ CELH traded up $1.59 during trading on Thursday, hitting $75.97. 4,214,836 shares of the company were exchanged, compared to its average volume of 3,531,141. The company has a fifty day moving average price of $80.79 and a 200-day moving average price of $65.47. The firm has a market capitalization of $17.55 billion, a PE ratio of 98.24, a P/E/G ratio of 2.17 and a beta of 1.93. Celsius has a 12-month low of $32.99 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The company had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Celsius’s quarterly revenue was up 95.2% compared to the same quarter last year. Research analysts anticipate that Celsius will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the transaction, the insider now directly owns 25,035,885 shares in the company, valued at $1,493,891,257.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Nicholas Castaldo sold 165,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the completion of the transaction, the director now directly owns 352,864 shares of the company’s stock, valued at $29,404,157.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now directly owns 25,035,885 shares in the company, valued at approximately $1,493,891,257.95. The disclosure for this sale can be found here. Insiders sold a total of 1,186,215 shares of company stock worth $80,215,119 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC boosted its stake in Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Celsius in the 4th quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Celsius in the 4th quarter valued at about $25,000. FinTrust Capital Advisors LLC purchased a new position in Celsius during the 1st quarter worth approximately $25,000. Finally, Tidemark LLC acquired a new position in Celsius during the fourth quarter worth approximately $29,000. 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.