UBS Group Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price objective dropped by equities researchers at UBS Group from $45.00 to $39.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 41.21% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. initiated coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Monday, January 6th. Piper Sandler cut their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Truist Financial raised their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH cut their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.94.

Celsius Trading Up 1.2 %

Shares of CELH stock traded up $0.32 during trading hours on Thursday, hitting $27.62. 3,244,519 shares of the company were exchanged, compared to its average volume of 5,998,719. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The business has a 50 day moving average of $28.17 and a two-hundred day moving average of $35.27. The company has a market capitalization of $6.49 billion, a PE ratio of 38.36, a PEG ratio of 2.79 and a beta of 1.79.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently modified their holdings of CELH. State Street Corp boosted its holdings in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after buying an additional 165,329 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after acquiring an additional 104,896 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Celsius by 86.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Company Profile

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.