Celsius (NASDAQ:CELH) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Celsius (NASDAQ:CELH) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

CELH has been the topic of several other research reports. Piper Sandler reaffirmed an “overweight” rating and set a $36.00 target price on shares of Celsius in a research note on Monday, August 24th. Morgan Stanley set a $42.00 price target on Celsius and gave the stock an “overweight” rating in a research note on Friday, August 7th. Bank of America lowered their price target on Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. UBS Group set a $44.00 price objective on shares of Celsius and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Zacks Research cut shares of Celsius from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.38.

Celsius Price Performance

NASDAQ CELH opened at $28.00 on Friday. Celsius has a 52 week low of $23.56 and a 52 week high of $66.74. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 116.67, a price-to-earnings-growth ratio of 1.96 and a beta of 0.93. The company has a 50-day moving average price of $29.49 and a two-hundred day moving average price of $31.61.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The business had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. Analysts forecast that Celsius will post 1.43 EPS for the current year.

Insider Buying and Selling at Celsius

In other news, Director Hal Kravitz purchased 12,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $336,000.00. Following the transaction, the director owned 239,158 shares in the company, valued at $6,696,424. This trade represents a 5.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Fieldly acquired 18,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the purchase, the chief executive officer directly owned 956,063 shares in the company, valued at approximately $26,234,368.72. This represents a 1.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 66,000 shares of company stock valued at $1,830,120. 2.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new position in Celsius in the fourth quarter worth approximately $3,316,000. Geode Capital Management LLC lifted its position in shares of Celsius by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock valued at $163,112,000 after acquiring an additional 277,424 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in shares of Celsius during the 2nd quarter valued at $13,629,000. Fifth Third Bancorp boosted its stake in shares of Celsius by 4,648.1% during the 1st quarter. Fifth Third Bancorp now owns 92,873 shares of the company’s stock worth $3,295,000 after acquiring an additional 90,917 shares in the last quarter. Finally, Maven Securities LTD bought a new stake in shares of Celsius during the 2nd quarter worth $1,192,000. 60.95% of the stock is owned by institutional investors and hedge funds.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.