Piper Sandler Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its target price cut by analysts at Piper Sandler from $47.00 to $33.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 31.58% from the stock’s previous close.

CELH has been the topic of a number of other research reports. Stifel Nicolaus dropped their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. LADENBURG THALM/SH SH cut their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a research report on Monday, January 6th. Finally, B. Riley reduced their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.00.

Celsius Stock Performance

Shares of Celsius stock traded down $0.27 on Thursday, reaching $25.08. The stock had a trading volume of 2,711,935 shares, compared to its average volume of 6,706,741. Celsius has a fifty-two week low of $24.55 and a fifty-two week high of $99.62. The business’s 50-day moving average price is $28.08 and its two-hundred day moving average price is $34.26. The stock has a market cap of $5.89 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.79.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently bought and sold shares of CELH. Benjamin F. Edwards & Company Inc. lifted its position in Celsius by 353.1% during the second 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. boosted its stake in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Celsius during the third quarter valued at $34,000. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares in the last quarter. Finally, Activest Wealth Management purchased a new stake in Celsius during the third quarter worth $39,000. Institutional investors 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.