Stifel Nicolaus Cuts Celsius (NASDAQ:CELH) Price Target to $37.00

Celsius (NASDAQ:CELH) had its target price reduced by Stifel Nicolaus from $45.00 to $37.00 in a research note issued to investors on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. began coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.56.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $21.28 on Monday. The firm has a market capitalization of $5.00 billion, a PE ratio of 29.56, a P/E/G ratio of 2.44 and a beta of 1.78. Celsius has a 12 month low of $21.10 and a 12 month high of $99.62. The business has a 50-day moving average of $26.90 and a two-hundred day moving average of $31.31.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were 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 in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of Celsius by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after acquiring an additional 337 shares in the last quarter. Signaturefd LLC lifted its stake in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. increased its stake in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock worth $99,000 after purchasing an additional 459 shares during the period. 60.95% of the stock is owned by institutional investors.

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.