Celsius (NASDAQ:CELH) Shares Gap Down on Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELHGet Free Report)’s share price gapped down before the market opened on Monday after Maxim Group lowered their price target on the stock from $110.00 to $90.00. The stock had previously closed at $59.96, but opened at $58.58. Maxim Group currently has a buy rating on the stock. Celsius shares last traded at $57.51, with a volume of 431,378 shares.

CELH has been the subject of a number of other reports. Roth Mkm dropped their price objective on shares of Celsius from $96.00 to $87.00 and set a “buy” rating for the company in a report on Monday. UBS Group dropped their price target on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Wedbush reduced their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Jefferies Financial Group dropped their target price on Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Finally, Morgan Stanley reduced their price target on shares of Celsius from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.64.

Get Our Latest Stock Analysis on CELH

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the sale, the insider now owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock valued at $107,920,209 over the last three months. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Celsius by 18.7% during the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after buying an additional 2,567,290 shares during the period. Capital International Investors raised its position in shares of Celsius by 50.6% in the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after acquiring an additional 1,333,217 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after purchasing an additional 2,306,598 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Celsius by 188.8% during the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after purchasing an additional 1,934,400 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Celsius by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock worth $232,365,000 after purchasing an additional 9,054 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Up 8.3 %

The firm has a market cap of $14.75 billion, a P/E ratio of 69.54, a P/E/G ratio of 1.69 and a beta of 1.93. The business has a fifty day simple moving average of $77.53 and a 200-day simple moving average of $69.85.

Celsius (NASDAQ:CELHGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Celsius’s quarterly revenue was up 36.9% on a year-over-year basis. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

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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