LADENBURG THALM/SH SH Lowers Celsius (NASDAQ:CELH) Price Target to $58.00

Celsius (NASDAQ:CELH) had its price objective lowered by equities researchers at LADENBURG THALM/SH SH from $62.00 to $58.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 72.36% from the company’s current price.

Several other research analysts have also recently 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 price objective for the company. Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. B. Riley restated a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Needham & Company LLC increased their price target on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $44.41.

Celsius Stock Performance

Shares of CELH stock opened at $33.65 on Thursday. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 76.48, a PEG ratio of 2.90 and a beta of 1.90. The stock’s 50-day simple moving average is $26.86 and its 200-day simple moving average is $28.83. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $98.85.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, equities analysts forecast that Celsius will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Celsius

Institutional investors have recently bought and sold shares of the company. HM Payson & Co. lifted its position in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares during the period. S.A. Mason LLC lifted its position in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC boosted its stake in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after acquiring an additional 1,114 shares in the last quarter. Blue Trust Inc. increased its stake in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Knuff & Co LLC acquired a new position in Celsius during the fourth quarter worth $50,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.