Celsius (NASDAQ:CELH) Hits New 12-Month Low – Time to Sell?

Celsius Holdings, Inc. (NASDAQ:CELH) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.47 and last traded at $26.56, with a volume of 1611650 shares changing hands. The stock had previously closed at $27.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CELH shares. Truist Financial lifted their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. TD Cowen reduced their target price on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Morgan Stanley restated an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Piper Sandler lowered their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. Finally, LADENBURG THALM/SH SH reduced their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Down 5.7 %

The stock has a market capitalization of $6.07 billion, a PE ratio of 38.04, a P/E/G ratio of 2.52 and a beta of 1.86. The stock’s 50-day moving average is $31.94 and its 200 day moving average is $50.61.

Insider Transactions at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CELH. Envestnet Portfolio Solutions Inc. bought a new stake in Celsius during the first quarter worth about $395,000. Forsta AP Fonden bought a new position in shares of Celsius during the 1st quarter valued at about $2,605,000. Sei Investments Co. boosted its holdings in shares of Celsius by 9.4% in the first quarter. Sei Investments Co. now owns 371,254 shares of the company’s stock valued at $30,785,000 after buying an additional 31,761 shares during the period. Verus Capital Partners LLC acquired a new position in Celsius in the 1st quarter worth $233,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Celsius during the first quarter worth about $239,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

About Celsius

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.