Celsius (NASDAQ:CELH) Given New $45.00 Price Target at Bank of America

Celsius (NASDAQ:CELH) had its target price reduced by analysts at Bank of America from $50.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s price target would suggest a potential upside of 6.23% from the stock’s current price.

Several other research analysts also recently weighed in on CELH. The Goldman Sachs Group started coverage on shares of Celsius in a research report on Thursday, September 11th. They issued a “buy” rating and a $72.00 price target on the stock. Zacks Research lowered Celsius from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Morgan Stanley set a $70.00 target price on Celsius in a report on Tuesday, September 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Celsius in a report on Monday. Finally, KeyCorp initiated coverage on Celsius in a research note on Tuesday. They issued a “sector weight” rating on the stock. Twenty analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $63.89.

Celsius Stock Performance

CELH stock traded up $0.69 during trading on Friday, reaching $42.36. The stock had a trading volume of 2,017,358 shares, compared to its average volume of 7,501,743. Celsius has a 52 week low of $21.10 and a 52 week high of $66.74. The stock’s 50 day moving average is $49.65 and its two-hundred day moving average is $50.41. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The firm has a market cap of $10.92 billion, a PE ratio of 422.49, a PEG ratio of 0.75 and a beta of 1.01.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The business had revenue of $725.11 million during the quarter, compared to the consensus estimate of $703.68 million. Celsius’s quarterly revenue was up 172.9% on a year-over-year basis. As a group, equities analysts anticipate that Celsius will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Hal Kravitz acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of $45.24 per share, with a total value of $452,400.00. Following the acquisition, the director directly owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. The trade was a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CELH. Harbor Investment Advisory LLC purchased a new position in shares of Celsius during the 3rd quarter worth about $27,000. Brown Brothers Harriman & Co. lifted its stake in Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Celsius by 1,476.0% during the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after buying an additional 738 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Celsius by 697.3% during the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after buying an additional 788 shares during the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of Celsius by 52.7% during the third quarter. Clearstead Advisors LLC now owns 916 shares of the company’s stock valued at $53,000 after buying an additional 316 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

About Celsius

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.