Celsius (NASDAQ:CELH) Stock Price Down 7.2% – Should You Sell?

Shares of Celsius Holdings Inc. (NASDAQ:CELH) dropped 7.2% during trading on Monday . The company traded as low as $29.78 and last traded at $29.98. Approximately 2,553,964 shares changed hands during trading, a decline of 59% from the average daily volume of 6,202,880 shares. The stock had previously closed at $32.29.

Analysts Set New Price Targets

CELH has been the subject of a number of analyst reports. Roth Mkm reiterated a “buy” rating on shares of Celsius in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $44.00 target price on shares of Celsius in a research note on Friday. Bank of America upgraded shares of Celsius from an “underperform” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Friday, February 27th. Citigroup lowered their target price on shares of Celsius from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $55.00 target price (down from $64.00) on shares of Celsius in a research note on Friday. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.89.

Celsius Stock Down 5.1%

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 71.26, a P/E/G ratio of 1.28 and a beta of 0.95. The firm’s 50 day simple moving average is $38.58 and its 200-day simple moving average is $45.09.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.12. Celsius had a net margin of 5.85% and a return on equity of 37.95%. The company had revenue of $782.62 million during the quarter, compared to the consensus estimate of $763.08 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Celsius’s revenue for the quarter was up 137.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 1.58 earnings per share for the current year.

Hedge Funds Weigh In On Celsius

Several large investors have recently bought and sold shares of CELH. Harbor Investment Advisory LLC acquired a new position in Celsius in the third quarter valued at $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Celsius during the fourth quarter worth about $31,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Celsius during the fourth quarter worth about $31,000. Brown Brothers Harriman & Co. boosted its stake in shares of 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 buying an additional 500 shares during the period. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Celsius during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

About Celsius

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.