Celsius (NASDAQ:CELH) Price Target Cut to $39.00 by Analysts at UBS Group

Celsius (NASDAQ:CELH - Get Free Report) had its price target cut by equities researchers at UBS Group from $45.00 to $39.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 41.21% from the stock's previous close.

CELH has been the subject of a number of other research reports. Morgan Stanley restated an "equal weight" rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research note on Thursday, December 12th. They issued a "hold" rating and a $32.00 price objective for the company. Truist Financial lifted their target price on Celsius from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Jefferies Financial Group reduced their price target on shares of Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Finally, Stifel Nicolaus cut their target price on shares of Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.94.

Celsius Stock Performance

Shares of NASDAQ:CELH traded up $0.32 during midday trading on Thursday, reaching $27.62. The company had a trading volume of 3,244,519 shares, compared to its average volume of 5,998,719. The company has a fifty day simple moving average of $28.17 and a two-hundred day simple moving average of $35.27. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79. Celsius has a 1-year low of $25.23 and a 1-year high of $99.62.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares of the company's stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC boosted its stake in Celsius by 5.8% during the 4th quarter. Diversify Wealth Management LLC now owns 52,231 shares of the company's stock worth $1,398,000 after acquiring an additional 2,850 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in Celsius in the fourth quarter worth $1,165,000. Arkadios Wealth Advisors boosted its position in shares of Celsius by 6.8% during the fourth quarter. Arkadios Wealth Advisors now owns 9,733 shares of the company's stock worth $256,000 after purchasing an additional 622 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Celsius by 6.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company's stock valued at $248,000 after buying an additional 586 shares during the period. Finally, Channel Wealth LLC bought a new stake in shares of Celsius in the 4th quarter valued at $738,000. Institutional investors own 60.95% of the company's stock.

About Celsius

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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