Stifel Nicolaus Issues Pessimistic Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its target price dropped by investment analysts at Stifel Nicolaus from $45.00 to $37.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 67.88% from the stock’s previous close.

A number of other equities analysts have also recently commented on CELH. Jefferies Financial Group decreased their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Celsius in a report on Tuesday, January 28th. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, LADENBURG THALM/SH SH decreased their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.56.

Celsius Price Performance

NASDAQ CELH opened at $22.04 on Monday. Celsius has a 1-year low of $21.43 and a 1-year high of $99.62. The business’s fifty day moving average price is $27.04 and its 200-day moving average price is $31.50. The stock 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.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated 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 completion of the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Celsius

Several institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Celsius in the fourth quarter worth about $422,000. Vanguard Group Inc. lifted its stake in Celsius by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after purchasing an additional 345,837 shares during the last quarter. LPL Financial LLC lifted its stake in Celsius by 10.4% in the fourth quarter. LPL Financial LLC now owns 318,061 shares of the company’s stock worth $8,378,000 after purchasing an additional 29,879 shares during the last quarter. Fox Run Management L.L.C. lifted its stake in Celsius by 45.0% in the fourth quarter. Fox Run Management L.L.C. now owns 10,399 shares of the company’s stock worth $274,000 after purchasing an additional 3,227 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Celsius in the fourth quarter worth about $811,000. 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.