Roth Mkm Lowers Celsius (NASDAQ:CELH) Price Target to $40.00

Celsius (NASDAQ:CELH) had its target price lowered by analysts at Roth Mkm from $43.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 38.41% from the company’s previous close.

Other analysts have also recently issued reports about the company. Maxim Group cut their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Jefferies Financial Group reduced their price objective on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a report on Tuesday, August 20th. TD Cowen reduced their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, B. Riley decreased their target price on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Celsius Trading Down 3.7 %

Shares of NASDAQ:CELH traded down $1.11 during midday trading on Thursday, reaching $28.90. The company had a trading volume of 7,787,537 shares, compared to its average volume of 5,951,528. Celsius has a 52-week low of $27.78 and a 52-week high of $99.62. The company’s 50 day moving average price is $32.15 and its 200 day moving average price is $51.21. The stock has a market cap of $6.74 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.43 and a beta of 1.86.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. During the same quarter last year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. Research analysts forecast that Celsius will post 0.79 EPS for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently modified their holdings of CELH. Vontobel Holding Ltd. lifted its position in shares of Celsius by 93.5% in the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after purchasing an additional 22,786 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Celsius in the second quarter worth about $20,024,000. LRI Investments LLC acquired a new stake in Celsius in the 1st quarter valued at $134,000. Cetera Investment Advisers boosted its position in Celsius by 189.3% in the second quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after buying an additional 122,011 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Celsius during the first quarter worth about $563,000. Institutional investors 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.