Stifel Nicolaus Trims Celsius (NASDAQ:CELH) Target Price to $85.00

Celsius (NASDAQ:CELH) had its target price trimmed by Stifel Nicolaus from $95.00 to $85.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on CELH. Stifel Europe boosted their price target on Celsius from $90.00 to $95.00 and gave the stock a buy rating in a report on Monday, March 18th. Piper Sandler increased their target price on shares of Celsius from $76.00 to $90.00 and gave the stock an overweight rating in a report on Friday, March 1st. Bank of America lowered shares of Celsius from a buy rating to a neutral rating and set a $65.00 price target on the stock. in a report on Friday, January 19th. UBS Group increased their price objective on shares of Celsius from $73.00 to $99.00 and gave the company a buy rating in a research note on Friday, March 1st. Finally, Maxim Group boosted their target price on shares of Celsius from $100.00 to $110.00 and gave the stock a buy rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Celsius currently has a consensus rating of Moderate Buy and a consensus target price of $85.45.

Celsius Price Performance

CELH stock traded up $1.59 during midday trading on Thursday, reaching $75.97. The company had a trading volume of 4,214,836 shares, compared to its average volume of 3,531,141. Celsius has a 1-year low of $32.99 and a 1-year high of $99.62. The stock has a 50 day moving average price of $80.79 and a 200-day moving average price of $65.47. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 98.24, a price-to-earnings-growth ratio of 2.17 and a beta of 1.93.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. During the same quarter last year, the business posted $0.01 EPS. The firm’s revenue for the quarter was up 95.2% on a year-over-year basis. As a group, research analysts anticipate that Celsius will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,519,463,910.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,186,215 shares of company stock valued at $80,215,119. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CELH. Vanguard Group Inc. lifted its stake in Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after buying an additional 8,899,873 shares during the period. Wellington Management Group LLP boosted its stake in Celsius by 212.2% during the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after acquiring an additional 2,306,598 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Celsius by 424.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after purchasing an additional 2,261,046 shares during the period. Eagle Asset Management Inc. increased its stake in Celsius by 188.8% in 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, Artisan Partners Limited Partnership acquired a new position in shares of Celsius during the fourth quarter valued at about $101,116,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.