Celsius (NASDAQ:CELH) Hits New 12-Month Low After Analyst Downgrade

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) reached a new 52-week low during trading on Monday after Stifel Nicolaus lowered their price target on the stock from $45.00 to $37.00. Stifel Nicolaus currently has a buy rating on the stock. Celsius traded as low as $21.45 and last traded at $21.68, with a volume of 1266819 shares. The stock had previously closed at $22.41.

Several other equities analysts also recently commented on the stock. Roth Mkm lowered their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Tuesday, January 28th. Jefferies Financial Group reduced their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, Truist Financial boosted their price objective on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.56.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

Several institutional investors and hedge funds have recently made changes to their positions in CELH. Charles Schwab Investment Management Inc. lifted its holdings in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Celsius by 85.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after buying an additional 26,801 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after acquiring an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. grew its position in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after acquiring an additional 25,315 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

The stock has a market cap of $5.08 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.44 and a beta of 1.78. The company has a 50-day simple moving average of $27.18 and a 200-day simple moving average of $31.67.

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.