Celsius (NASDAQ:CELH) Sets New 12-Month Low on Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH) reached 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 equities research analysts also recently commented on CELH. Roth Mkm dropped their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and set a $38.00 target price on shares of Celsius in a report on Tuesday, January 28th. JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. B. Riley cut their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, LADENBURG THALM/SH SH cut their target price on 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, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.56.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its stake in shares of Celsius by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after purchasing an additional 337 shares during the period. Signaturefd LLC boosted its holdings in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. boosted its holdings in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after buying an additional 441 shares during the last quarter. Finally, Apriem Advisors grew its position in shares of Celsius by 3.0% in the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after purchasing an additional 525 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Down 3.3 %

The firm has a 50-day moving average of $27.18 and a two-hundred day moving average of $31.67. The company has a market capitalization of $5.10 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78.

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.