Celsius (NASDAQ:CELH) Stock Price Down 5.6% Following Analyst Downgrade

Celsius Holdings Inc. (NASDAQ:CELH) dropped 5.6% on Wednesday after Piper Sandler lowered their price target on the stock from $69.00 to $61.00. Piper Sandler currently has an overweight rating on the stock. Celsius traded as low as $41.31 and last traded at $40.73. Approximately 1,019,310 shares changed hands during trading, a decline of 86% from the average daily volume of 7,502,171 shares. The stock had previously closed at $43.15.

CELH has been the topic of a number of other research reports. Needham & Company LLC increased their price objective on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 5th. Jefferies Financial Group set a $72.00 price target on Celsius and gave the company a “buy” rating in a report on Wednesday, September 3rd. Mizuho increased their price target on shares of Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Cowen reissued a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Celsius in a report on Thursday, November 6th. Twenty research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $64.16.

Insider Buying and Selling at Celsius

In other Celsius news, Director Hal Kravitz bought 10,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the transaction, the director owned 216,147 shares in the company, valued at approximately $9,778,490.28. The trade was a 4.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the chief financial officer owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. This trade represents a 4.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CELH. Spire Wealth Management boosted its stake in shares of Celsius by 7.6% during the third quarter. Spire Wealth Management now owns 2,547 shares of the company’s stock worth $146,000 after buying an additional 180 shares during the period. KLP Kapitalforvaltning AS raised its stake in Celsius by 0.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 33,100 shares of the company’s stock valued at $1,903,000 after acquiring an additional 200 shares during the last quarter. TriaGen Wealth Management LLC raised its stake in Celsius by 1.4% during the 3rd quarter. TriaGen Wealth Management LLC now owns 15,824 shares of the company’s stock valued at $910,000 after acquiring an additional 218 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Celsius by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 18,459 shares of the company’s stock worth $1,061,000 after acquiring an additional 238 shares during the period. Finally, MGB Wealth Management LLC grew its stake in shares of Celsius by 3.8% in the 3rd quarter. MGB Wealth Management LLC now owns 6,900 shares of the company’s stock valued at $397,000 after purchasing an additional 250 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Up 2.1%

The company has a market capitalization of $10.74 billion, a PE ratio of 416.70, a P/E/G ratio of 0.75 and a beta of 1.01. 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 50 day simple moving average of $49.65 and a two-hundred day simple moving average of $50.41.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $703.68 million. The business’s revenue for the quarter was up 172.9% compared to the same quarter last year. Research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.