Stifel Nicolaus Cuts Celsius (NASDAQ:CELH) Price Target to $45.00

Celsius (NASDAQ:CELH) had its price objective lowered by Stifel Nicolaus from $51.00 to $45.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial lifted their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Roth Mkm decreased their price objective on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday. LADENBURG THALM/SH SH decreased their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Bank of America dropped their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Finally, Piper Sandler lowered their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Down 3.7 %

NASDAQ CELH opened at $28.90 on Thursday. Celsius has a twelve month low of $27.78 and a twelve month high of $99.62. The business has a 50-day moving average price of $32.15 and a 200-day moving average price of $51.06. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 40.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.86.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction 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 $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its stake in Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after purchasing an additional 127 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Celsius by 1.1% during the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock worth $977,000 after buying an additional 181 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Celsius by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after buying an additional 215 shares during the period. Tidal Investments LLC raised its holdings in shares of Celsius by 4.3% in the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after acquiring an additional 249 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in Celsius by 4.1% in the second quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock worth $414,000 after acquiring an additional 289 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.