Celsius (NASDAQ:CELH) Price Target Cut to $40.00 by Analysts at Jefferies Financial Group

Celsius (NASDAQ:CELH) had its target price lowered by Jefferies Financial Group from $44.00 to $40.00 in a report released on Thursday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the company. B. Riley lowered their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Maxim Group decreased their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Truist Financial raised their price target on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. Finally, Morgan Stanley decreased their price target on Celsius from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.28.

Celsius Trading Down 1.9 %

CELH stock traded down $0.53 during trading hours on Thursday, hitting $27.41. 1,020,786 shares of the stock were exchanged, compared to its average volume of 6,241,092. The firm has a market capitalization of $6.44 billion, a P/E ratio of 38.07, a P/E/G ratio of 3.44 and a beta of 1.76. The company has a 50-day simple moving average of $29.89 and a two-hundred day simple moving average of $40.29. Celsius has a 12 month low of $25.23 and a 12 month high of $99.62.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its stake in shares of Celsius by 7.3% during the 3rd quarter. Retirement Systems of Alabama now owns 284,501 shares of the company’s stock valued at $8,922,000 after buying an additional 19,387 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Celsius in the 3rd quarter worth $734,000. Tidal Investments LLC lifted its holdings in Celsius by 58.9% in the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock worth $695,000 after buying an additional 8,215 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Celsius by 66.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,284 shares of the company’s stock worth $103,000 after buying an additional 1,308 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Celsius by 479.6% in the 3rd quarter. Toronto Dominion Bank now owns 103,702 shares of the company’s stock worth $3,252,000 after buying an additional 85,809 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.