LADENBURG THALM/SH SH Cuts Celsius (NASDAQ:CELH) Price Target to $68.00

LADENBURG THALM/SH SH has cut its price target for Celsius (NASDAQ:CELH) from .00 to .00, maintaining a "neutral" rating. This adjustment suggests a potential upside of 112.50% from the previous close. Other brokerages have also revised their ratings, with mixed opinions on the stock. Celsius shares traded down .85, with a market cap of .46 billion and a P/E ratio of 35.16. The company reported a 23.4% year-over-year revenue increase in its last quarterly earnings.

Celsius (NASDAQ:CELH - Get Free Report) had its price objective cut by equities researchers at LADENBURG THALM/SH SH from $72.00 to $68.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "neutral" rating on the stock. LADENBURG THALM/SH SH's price target points to a potential upside of 112.50% from the company's previous close.

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Several other brokerages have also recently issued reports on CELH. Morgan Stanley reissued an "equal weight" rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Stifel Nicolaus decreased their price target on shares of Celsius from $61.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. UBS Group dropped their price target on shares of Celsius from $70.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. BNP Paribas initiated coverage on Celsius in a report on Monday, June 24th. They issued an "outperform" rating and a $87.00 target price for the company. Finally, Piper Sandler cut their price target on Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, three have issued 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 an average price target of $58.00.

View Our Latest Report on CELH

Celsius Price Performance

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Shares of NASDAQ:CELH traded down $1.85 during mid-day trading on Monday, reaching $32.00. 5,207,588 shares of the company were exchanged, compared to its average volume of 5,789,174. Celsius has a 1 year low of $28.20 and a 1 year high of $99.62. The firm's 50-day simple moving average is $34.75 and its 200 day simple moving average is $55.72. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 2.29 and a beta of 1.84.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company's quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. On average, research analysts forecast that Celsius will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

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In other Celsius news, CEO John Fieldly sold 74,847 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company's stock, valued at $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Celsius

Several large investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC purchased a new position in Celsius during the 1st quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company's stock worth $32,000 after acquiring an additional 374 shares during the period. Beacon Capital Management LLC purchased a new position in Celsius during the first quarter worth about $40,000. S.A. Mason LLC purchased a new stake in Celsius in the 2nd quarter valued at approximately $30,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock valued at $37,000 after purchasing an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Company Profile

(Get Free Report)

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.

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