Piper Sandler Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target reduced by Piper Sandler from $47.00 to $33.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 31.58% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Stifel Nicolaus dropped their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. began coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. Roth Mkm dropped their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.00.

Celsius Stock Performance

NASDAQ:CELH traded down $0.27 during trading hours on Thursday, hitting $25.08. The company’s stock had a trading volume of 2,711,935 shares, compared to its average volume of 6,706,741. The company has a market capitalization of $5.89 billion, a PE ratio of 34.71, a PEG ratio of 2.95 and a beta of 1.79. Celsius has a 52-week low of $24.55 and a 52-week high of $99.62. The business’s 50-day moving average is $28.08 and its two-hundred day moving average is $34.26.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after purchasing an additional 1,914,264 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after acquiring an additional 1,072,859 shares in the last quarter. MIG Capital LLC acquired a new stake in Celsius during the 3rd quarter worth about $30,358,000. Dimensional Fund Advisors LP grew its stake in Celsius by 86.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after acquiring an additional 460,227 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in Celsius in the 2nd quarter valued at approximately $20,024,000. 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.