Stifel Nicolaus Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target reduced by equities research analysts at Stifel Nicolaus from $45.00 to $37.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 70.33% from the company’s current price.

CELH has been the topic of several other reports. LADENBURG THALM/SH SH cut their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Truist Financial boosted their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, B. Riley lowered their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus price target of $47.56.

Celsius Stock Performance

NASDAQ:CELH traded down $0.69 during trading hours on Monday, reaching $21.72. The company’s stock had a trading volume of 3,982,251 shares, compared to its average volume of 7,029,812. The company has a market capitalization of $5.11 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. Celsius has a 12 month low of $21.45 and a 12 month high of $99.62. The stock has a 50 day moving average price of $27.18 and a two-hundred day moving average price of $31.67.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the last quarter. Geode Capital Management LLC grew its position in Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after buying an additional 104,896 shares during the period. Raymond James Financial Inc. acquired a new position in Celsius during the fourth quarter worth about $61,160,000. SG Americas Securities LLC grew its position in Celsius by 10,320.0% during the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after buying an additional 1,914,264 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Celsius by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company’s stock worth $37,093,000 after buying an additional 26,959 shares during the period. Hedge funds and other institutional investors 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.