Celsius (NASDAQ:CELH) Trading Down 1.4% After Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price fell 1.4% on Friday after Truist Financial lowered their price target on the stock from $60.00 to $45.00. Truist Financial currently has a hold rating on the stock. Celsius traded as low as $37.85 and last traded at $39.03. 1,992,342 shares were traded during trading, a decline of 62% from the average session volume of 5,217,510 shares. The stock had previously closed at $39.59.

Other equities research analysts have also issued research reports about the company. B. Riley reduced their target price on Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen dropped their price objective on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group lowered their target price on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday. Wedbush cut their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Finally, Bank of America cut shares of Celsius from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $60.00 to $32.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average price target of $64.91.

Insider Activity at Celsius

In other Celsius news, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Celsius news, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the sale, the director now owns 201,282 shares in the company, valued at $18,169,726.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the sale, the insider now owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Celsius by 18.7% during the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after acquiring an additional 2,567,290 shares during the period. Capital International Investors boosted its holdings in shares of Celsius by 50.6% during the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after acquiring an additional 1,333,217 shares during the period. Wellington Management Group LLP grew its position in shares of Celsius by 212.2% during the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after acquiring an additional 2,306,598 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after acquiring an additional 1,934,400 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after purchasing an additional 790,014 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Stock Performance

The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. The business’s 50 day simple moving average is $56.28 and its 200-day simple moving average is $69.09.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 1.05 EPS for the current year.

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.