Jefferies Financial Group Issues Pessimistic Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price objective lowered by Jefferies Financial Group from $44.00 to $40.00 in a report published on Thursday, MarketBeat reports. Jefferies Financial Group currently has a buy rating on the stock.

CELH has been the topic of several other reports. JPMorgan Chase & Co. started coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. LADENBURG THALM/SH SH decreased their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. UBS Group dropped their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley cut their price target on shares of Celsius from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Bank of America lowered their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.28.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $27.01 on Thursday. The company has a 50 day moving average price of $29.78 and a two-hundred day moving average price of $39.74. The company has a market capitalization of $6.35 billion, a PE ratio of 37.51, a PEG ratio of 3.44 and a beta of 1.76. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s 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 sale, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CELH. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius during the third quarter worth about $34,000. Signaturefd LLC lifted its position in shares of Celsius by 48.3% in 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. boosted its stake in shares of Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after acquiring an additional 630 shares during the last quarter. Finally, Activest Wealth Management bought a new stake in Celsius in the 3rd quarter valued at $39,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.