Piper Sandler Cuts Celsius (NASDAQ:CELH) Price Target to $50.00

Celsius (NASDAQ:CELH) had its price objective cut by Piper Sandler from $65.00 to $50.00 in a report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Bank of America lowered shares of Celsius from a neutral rating to an underperform rating and lowered their target price for the stock from $60.00 to $32.00 in a research note on Thursday, August 8th. Truist Financial lowered their price target on Celsius from $60.00 to $45.00 and set a hold rating on the stock in a research report on Friday, August 9th. Morgan Stanley restated an equal weight rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Wedbush decreased their target price on Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. Finally, Jefferies Financial Group dropped their price target on shares of Celsius from $98.00 to $68.00 and set a buy rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Celsius has an average rating of Moderate Buy and a consensus target price of $57.64.

Celsius Stock Down 0.2 %

Celsius stock opened at $31.96 on Thursday. Celsius has a 52 week low of $31.55 and a 52 week high of $99.62. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 1.57 and a beta of 1.90. The business’s 50-day moving average price is $45.15 and its 200 day moving average price is $66.48.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter last year, the company earned $0.17 EPS. The business’s revenue was up 23.4% on a year-over-year basis. Equities analysts expect that Celsius will post 1 EPS for the current year.

Institutional Trading of Celsius

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in Celsius in the 2nd quarter worth approximately $2,827,000. Clearbridge Investments LLC acquired a new stake in shares of Celsius in the second quarter valued at approximately $591,000. Cetera Investment Advisers increased its holdings in shares of Celsius by 189.3% in the second quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after purchasing an additional 122,011 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Celsius by 269.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,917 shares of the company’s stock worth $566,000 after buying an additional 7,234 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Celsius by 41.4% during the second quarter. Sunbelt Securities Inc. now owns 3,357 shares of the company’s stock worth $192,000 after buying an additional 983 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.