Celsius (NASDAQ:CELH) Sets New 52-Week Low After Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH) reached a new 52-week low during mid-day trading on Thursday after Piper Sandler lowered their price target on the stock from $47.00 to $33.00. Piper Sandler currently has an overweight rating on the stock. Celsius traded as low as $25.12 and last traded at $24.71, with a volume of 167086 shares. The stock had previously closed at $25.35.

A number of other research firms also recently weighed in on CELH. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Jefferies Financial Group reduced their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $29.00 in a research report on Wednesday. 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 MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several large investors have recently bought and sold shares of CELH. Dimensional Fund Advisors LP boosted its stake in Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after buying an additional 460,227 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after buying an additional 505 shares in the last quarter. Xponance Inc. boosted its stake in Celsius by 7.8% in the second quarter. Xponance Inc. now owns 40,607 shares of the company’s stock valued at $2,318,000 after buying an additional 2,928 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Celsius by 63.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,026 shares of the company’s stock valued at $1,657,000 after buying an additional 11,258 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Celsius by 22.8% in the second quarter. Toronto Dominion Bank now owns 17,893 shares of the company’s stock valued at $1,022,000 after buying an additional 3,326 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Down 1.2 %

The firm has a 50 day moving average of $28.05 and a two-hundred day moving average of $34.20. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.95 and a beta of 1.79.

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.