Needham & Company LLC Cuts Celsius (NASDAQ:CELH) Price Target to $55.00

Celsius (NASDAQ:CELH) had its price objective dropped by research analysts at Needham & Company LLC from $75.00 to $55.00 in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 79.74% from the stock’s current price.

Several other brokerages have also issued reports on CELH. UBS Group dropped their target price on shares of Celsius from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Bank of America reduced their price target on shares of Celsius from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Rothschild & Co Redburn started coverage on shares of Celsius in a research note on Wednesday, May 6th. They issued a “neutral” rating and a $47.00 price target on the stock. Citigroup lowered their price objective on Celsius from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, TD Cowen cut their price objective on Celsius from $66.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.90.

Celsius Trading Down 3.5%

Shares of NASDAQ:CELH opened at $30.60 on Thursday. The business’s 50 day moving average price is $30.41 and its 200-day moving average price is $39.56. Celsius has a 1 year low of $27.47 and a 1 year high of $66.74. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 71.16, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.29 by $0.12. The company had revenue of $782.62 million during the quarter, compared to analyst estimates of $763.08 million. Celsius had a net margin of 5.85% and a return on equity of 37.95%. The firm’s revenue was up 137.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, equities research analysts forecast that Celsius will post 1.59 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In other news, CEO John Fieldly purchased 8,475 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $29.36 per share, with a total value of $248,826.00. Following the purchase, the chief executive officer directly owned 937,540 shares in the company, valued at approximately $27,526,174.40. This represents a 0.91% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hal Kravitz purchased 8,400 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $29.73 per share, with a total value of $249,732.00. Following the acquisition, the director directly owned 227,158 shares in the company, valued at approximately $6,753,407.34. The trade was a 3.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. increased its stake in Celsius by 1,020.4% during the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Celsius in the fourth quarter valued at $31,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Celsius in the 4th quarter valued at $31,000. SOA Wealth Advisors LLC. acquired a new position in shares of Celsius in the 4th quarter valued at $46,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Celsius by 27.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,091 shares of the company’s stock worth $53,000 after purchasing an additional 237 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.