Celsius (NASDAQ:CELH) Price Target Lowered to $90.00 at Maxim Group

Celsius (NASDAQ:CELHFree Report) had its price objective lowered by Maxim Group from $110.00 to $90.00 in a research note released on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

CELH has been the topic of several other research reports. Wedbush lowered their price objective on Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. UBS Group lowered their price objective on Celsius from $99.00 to $92.00 and set a buy rating on the stock in a research report on Wednesday, May 8th. Stifel Europe increased their price objective on Celsius from $90.00 to $95.00 and gave the stock a buy rating in a research report on Monday, March 18th. Morgan Stanley reduced their target price on Celsius from $75.00 to $68.00 and set an equal weight rating on the stock in a report on Wednesday, June 12th. Finally, Stifel Nicolaus reduced their target price on Celsius from $95.00 to $85.00 and set a buy rating on the stock in a report on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Celsius presently has an average rating of Moderate Buy and an average price target of $84.64.

Read Our Latest Analysis on Celsius

Celsius Trading Down 2.2 %

CELH opened at $61.90 on Tuesday. Celsius has a 1-year low of $45.03 and a 1-year high of $99.62. The stock’s fifty day simple moving average is $76.73 and its 200 day simple moving average is $69.75. The stock has a market cap of $14.43 billion, a PE ratio of 68.02, a price-to-earnings-growth ratio of 1.82 and a beta of 1.93.

Celsius (NASDAQ:CELHGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. Equities analysts forecast that Celsius will post 1.07 earnings per share for the current year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares of the company’s stock, valued at $1,429,958,731.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,964,450 shares of the company’s stock, valued at $1,429,958,731.50. The disclosure for this sale can be found here. Insiders have sold 1,776,696 shares of company stock valued at $107,920,209 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several large investors have recently bought and sold shares of CELH. Pathstone Family Office LLC bought a new position in Celsius in the third quarter valued at about $340,000. PNC Financial Services Group Inc. raised its position in Celsius by 41.6% in the third quarter. PNC Financial Services Group Inc. now owns 5,331 shares of the company’s stock valued at $915,000 after purchasing an additional 1,565 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Celsius by 33.5% during the third quarter. Kestra Advisory Services LLC now owns 2,874 shares of the company’s stock worth $493,000 after acquiring an additional 721 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Celsius by 52.1% during the third quarter. Envestnet Asset Management Inc. now owns 26,052 shares of the company’s stock worth $4,470,000 after acquiring an additional 8,922 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Celsius by 5.7% during the third quarter. Invesco Ltd. now owns 1,167,995 shares of the company’s stock worth $200,428,000 after acquiring an additional 62,483 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

About Celsius

(Get Free Report)

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.

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