Celsius (NASDAQ:CELH) Hits New 1-Year Low After Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price hit a new 52-week low during mid-day trading on Monday after Stifel Nicolaus lowered their price target on the stock from $45.00 to $37.00. Stifel Nicolaus currently has a buy rating on the stock. Celsius traded as low as $21.45 and last traded at $21.68, with a volume of 1266819 shares traded. The stock had previously closed at $22.41.

A number of other research firms have also issued reports on CELH. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. UBS Group dropped their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. Roth Mkm lowered their price target on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Celsius in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.56.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. lifted its position in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 550 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius in the 3rd quarter worth approximately $34,000. Signaturefd LLC boosted its position in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the period. Activest Wealth Management acquired a new position in Celsius during the third quarter valued at approximately $39,000. Finally, Blue Trust Inc. raised its position in shares of Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

The stock’s 50 day moving average price is $27.04 and its two-hundred day moving average price is $31.50. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.44 and a beta of 1.78.

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.