Celsius (NASDAQ:CELH) Stock Rating Lowered by TD Cowen

Celsius (NASDAQ:CELH) was downgraded by equities research analysts at TD Cowen from a “buy” rating to a “hold” rating in a report released on Wednesday,Finviz reports. They currently have a $29.00 price target on the stock, down from their previous price target of $40.00. TD Cowen’s price objective indicates a potential upside of 8.17% from the company’s current price.

A number of other equities analysts have also recently issued reports on CELH. B. Riley lowered their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Piper Sandler cut their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Celsius in a report on Monday, January 6th. Morgan Stanley reissued an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. Finally, UBS Group dropped their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.78.

Celsius Stock Down 1.5 %

Shares of CELH stock opened at $26.81 on Wednesday. Celsius has a twelve month low of $25.23 and a twelve month high of $99.62. The business has a fifty day simple moving average of $28.09 and a 200 day simple moving average of $34.48. The company has a market cap of $6.30 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.99 and a beta of 1.79.

Insider Buying and Selling

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

Hedge Funds Weigh In On Celsius

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after purchasing an additional 289 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Celsius by 69.0% in the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after acquiring an additional 549 shares during 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.