Celsius (NASDAQ:CELH) Stock Price Target Cut by TD Cowen

Celsius (NASDAQ:CELH) had its target price reduced by analysts at TD Cowen from $41.00 to $35.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 24.90% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Roth Capital reissued a “buy” rating and issued a $48.00 price objective on shares of Celsius in a research report on Friday, August 7th. Sanford C. Bernstein downgraded shares of Celsius from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $44.00 to $26.00 in a report on Friday, August 7th. Stifel Nicolaus set a $37.00 target price on shares of Celsius in a report on Friday, August 7th. UBS Group set a $44.00 price target on shares of Celsius and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $42.00 price target on shares of Celsius in a report on Tuesday, October 6th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.12.

Celsius Stock Performance

NASDAQ:CELH traded down $0.37 during mid-day trading on Tuesday, hitting $28.02. The stock had a trading volume of 1,394,087 shares, compared to its average volume of 7,882,409. Celsius has a twelve month low of $23.56 and a twelve month high of $66.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 116.73, a PEG ratio of 2.00 and a beta of 1.01. The company’s 50 day simple moving average is $29.30 and its 200 day simple moving average is $30.56.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%. The business had revenue of $817.93 million for the quarter, compared to analyst estimates of $870.08 million. During the same period last year, the firm earned $0.47 EPS. Celsius’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Celsius will post 1.43 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other news, Director Damon DeSantis acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $27.65 per share, with a total value of $553,000.00. Following the completion of the purchase, the director directly owned 2,712,187 shares of the company’s stock, valued at $74,991,970.55. The trade was a 0.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Fieldly acquired 18,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $27.44 per share, with a total value of $493,920.00. Following the completion of the transaction, the chief executive officer owned 956,063 shares of the company’s stock, valued at approximately $26,234,368.72. This represents a 1.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 66,000 shares of company stock valued at $1,830,120 in the last ninety days. 2.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

Large investors have recently modified their holdings of the business. Diversify Wealth Management LLC raised its holdings in shares of Celsius by 0.4% during the 1st quarter. Diversify Wealth Management LLC now owns 67,421 shares of the company’s stock worth $2,202,000 after buying an additional 297 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in shares of Celsius by 9.1% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,800 shares of the company’s stock worth $170,000 after buying an additional 400 shares during the last quarter. Fieldview Capital Management LLC lifted its position in shares of Celsius by 4.0% during the 4th quarter. Fieldview Capital Management LLC now owns 10,424 shares of the company’s stock worth $477,000 after buying an additional 405 shares during the last quarter. Sharp Wealth Advisory LLC boosted its stake in Celsius by 9.5% in the first quarter. Sharp Wealth Advisory LLC now owns 5,750 shares of the company’s stock valued at $204,000 after buying an additional 500 shares in the last quarter. Finally, RFG Advisory LLC boosted its stake in Celsius by 2.5% in the first quarter. RFG Advisory LLC now owns 27,585 shares of the company’s stock valued at $979,000 after buying an additional 678 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.