Celsius (NASDAQ:CELH) Price Target Cut to $50.00 by Analysts at Bank of America

Celsius (NASDAQ:CELH) had its target price reduced by equities researchers at Bank of America from $55.00 to $50.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s target price would suggest a potential upside of 10.96% from the stock’s current price.

A number of other analysts have also recently weighed in on CELH. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celsius in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Celsius in a research report on Wednesday. Zacks Research cut shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Morgan Stanley set a $70.00 price target on shares of Celsius in a research note on Tuesday, September 30th. Finally, Stephens reiterated an “overweight” rating on shares of Celsius in a research report on Monday, August 11th. Twenty analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.50.

Celsius Stock Performance

Shares of CELH stock opened at $45.06 on Friday. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 121.78, a PEG ratio of 1.25 and a beta of 1.34. Celsius has a one year low of $21.10 and a one year high of $66.74. The company’s 50-day simple moving average is $58.93 and its 200-day simple moving average is $49.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue was up 83.9% compared to the same quarter last year. Equities analysts anticipate that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. This represents a 4.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul H. Storey sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the sale, the insider directly owned 37,550 shares in the company, valued at approximately $2,287,921.50. This represents a 16.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 57,500 shares of company stock worth $3,581,975. Corporate insiders own 2.55% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several large investors have recently made changes to their positions in the company. Spire Wealth Management raised its position in Celsius by 7.6% in the 3rd quarter. Spire Wealth Management now owns 2,547 shares of the company’s stock valued at $146,000 after purchasing an additional 180 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Celsius by 0.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 33,100 shares of the company’s stock worth $1,903,000 after buying an additional 200 shares in the last quarter. TriaGen Wealth Management LLC boosted its position in Celsius by 1.4% in the 3rd quarter. TriaGen Wealth Management LLC now owns 15,824 shares of the company’s stock valued at $910,000 after buying an additional 218 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Celsius by 3.9% during the second quarter. ProShare Advisors LLC now owns 6,970 shares of the company’s stock valued at $323,000 after acquiring an additional 261 shares during the period. Finally, Blue Chip Partners LLC lifted its position in Celsius by 2.4% during the 2nd quarter. Blue Chip Partners LLC now owns 11,701 shares of the company’s stock valued at $543,000 after purchasing an additional 271 shares during the period. 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.