LADENBURG THALM/SH SH Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target lowered by LADENBURG THALM/SH SH from $62.00 to $58.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Roth Mkm reaffirmed a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group dropped their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Finally, UBS Group dropped their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Celsius has an average rating of “Moderate Buy” and an average target price of $44.41.

Celsius Trading Down 4.3 %

Shares of NASDAQ CELH opened at $33.65 on Thursday. The company has a fifty day moving average price of $26.86 and a 200 day moving average price of $28.80. Celsius has a 1-year low of $21.10 and a 1-year high of $98.85. The firm has a market cap of $7.91 billion, a PE ratio of 76.48, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Equities research analysts forecast that Celsius will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This represents a 17.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CELH. Charles Schwab Investment Management Inc. boosted its stake in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after acquiring an additional 26,801 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Celsius during the 3rd quarter worth $2,772,000. Diversified Trust Co bought a new position in shares of Celsius in the fourth quarter worth $869,000. Finally, Bennett Selby Investments LP raised its stake in Celsius by 392.6% in the fourth quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock valued at $1,360,000 after purchasing an additional 41,161 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.