Celsius (NASDAQ:CELH) Price Target Cut to $53.00 by Analysts at Jefferies Financial Group

Celsius (NASDAQ:CELH) had its target price decreased by Jefferies Financial Group from $68.00 to $53.00 in a research note released on Thursday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Piper Sandler lowered their target price on Celsius from $65.00 to $50.00 and set an overweight rating on the stock in a research note on Thursday. Truist Financial lowered their target price on Celsius from $60.00 to $45.00 and set a hold rating on the stock in a research note on Friday, August 9th. BNP Paribas assumed coverage on Celsius in a research note on Monday, June 24th. They issued an outperform rating and a $87.00 price target on the stock. Roth Mkm decreased their price target on Celsius from $65.00 to $45.00 and set a buy rating on the stock in a research note on Thursday. Finally, UBS Group decreased their price target on Celsius from $70.00 to $64.00 and set a buy rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Celsius currently has an average rating of Moderate Buy and a consensus target price of $57.64.

Celsius Stock Down 0.2 %

NASDAQ:CELH opened at $31.96 on Thursday. The stock’s 50 day moving average price is $45.15 and its 200 day moving average price is $66.50. The company has a market capitalization of $7.45 billion, a PE ratio of 35.12, a P/E/G ratio of 1.57 and a beta of 1.85. Celsius has a 52-week low of $31.55 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings results 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 94.75% and a net margin of 19.58%. The firm had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same quarter last year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius will post 1 EPS for the current fiscal year.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in Celsius during the first quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Celsius by 1,370.0% in the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Celsius in the fourth quarter worth $25,000. Finally, Beacon Capital Management LLC acquired a new position in shares of Celsius in the first quarter worth $40,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.