Celsius (NASDAQ:CELH) Price Target Lowered to $65.00 at Citigroup

Celsius (NASDAQ:CELH) had its price target reduced by investment analysts at Citigroup from $73.00 to $65.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 56.55% from the stock’s current price.

CELH has been the subject of a number of other reports. Stephens reaffirmed an “overweight” rating on shares of Celsius in a research report on Monday, August 11th. Cowen restated a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. Roth Capital reiterated a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Piper Sandler boosted their price target on Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Zacks Research downgraded shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Twenty investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus target price of $62.95.

Celsius Trading Down 7.9%

Shares of NASDAQ CELH traded down $3.54 during midday trading on Friday, hitting $41.52. The stock had a trading volume of 23,530,055 shares, compared to its average volume of 7,609,444. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. Celsius has a 1-year low of $21.10 and a 1-year high of $66.74. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 112.22, a PEG ratio of 1.25 and a beta of 1.34. The company has a fifty day moving average price of $58.93 and a 200 day moving average price of $49.26.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company’s revenue was up 172.9% compared to the same quarter last year. On average, analysts predict that Celsius will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the chief financial officer owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. This trade represents a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,500 shares of company stock worth $3,581,975 in the last 90 days. 2.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CELH. Harbor Investment Advisory LLC acquired a new stake in shares of Celsius in the 3rd quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Celsius in the first quarter worth about $34,000. Hantz Financial Services Inc. increased its holdings in Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after buying an additional 738 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Celsius by 697.3% during the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after buying an additional 788 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Celsius by 244.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after buying an additional 794 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.