Roth Mkm Cuts Celsius (NASDAQ:CELH) Price Target to $38.00

Celsius (NASDAQ:CELH) had its price objective decreased by Roth Mkm from $40.00 to $38.00 in a research report released on Monday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Several other analysts also recently commented on CELH. UBS Group cut their target price on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Needham & Company LLC assumed coverage on Celsius in a research report on Friday, December 6th. They set a “buy” rating and a $38.00 price objective on the stock. Piper Sandler decreased their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. LADENBURG THALM/SH SH lowered their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.72.

Celsius Stock Down 7.4 %

NASDAQ:CELH opened at $27.09 on Monday. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 3.44 and a beta of 1.76. The company’s 50 day moving average price is $30.03 and its 200-day moving average price is $40.38. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62.

Insider Transactions at Celsius

In related 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several large investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position 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 valued at $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after acquiring an additional 630 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Celsius in the second quarter valued at about $45,000. PrairieView Partners LLC bought a new position in shares of Celsius in the second quarter worth about $57,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Celsius during the second quarter worth about $63,000. 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.