Celsius (NASDAQ:CELH) PT Lowered to $68.00 at LADENBURG THALM/SH SH

Celsius (NASDAQ:CELH) had its price target cut by LADENBURG THALM/SH SH from $72.00 to $68.00 in a report published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently commented on the stock. Roth Mkm lowered their price target on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 27th. Bank of America reduced their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Stifel Nicolaus reduced their price objective on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group reduced their price objective on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Maxim Group reduced their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Celsius Stock Up 4.1 %

NASDAQ CELH opened at $31.70 on Monday. Celsius has a 52 week low of $28.20 and a 52 week high of $99.62. The stock has a market capitalization of $7.39 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. The firm has a 50 day moving average of $34.11 and a two-hundred day moving average of $54.69.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter in the previous year, the business posted $0.17 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. On average, equities research analysts expect that Celsius will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.

Institutional Trading of Celsius

Hedge funds have recently made changes to their positions in the company. Vontobel Holding Ltd. lifted its stake in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Celsius in the 2nd quarter worth $20,024,000. LRI Investments LLC acquired a new stake in shares of Celsius in the 1st quarter worth $134,000. Cetera Investment Advisers lifted its stake in shares of Celsius by 189.3% in the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock worth $10,646,000 after acquiring an additional 122,011 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Celsius in the 1st quarter worth $563,000. Institutional investors and hedge funds 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.