Celsius (NASDAQ:CELH) Hits New 12-Month Low - What's Next?

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $25.23 and last traded at $25.63, with a volume of 1122309 shares trading hands. The stock had previously closed at $25.66.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Maxim Group cut their price target on Celsius from $65.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Stifel Nicolaus cut their price objective on Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. LADENBURG THALM/SH SH lowered their target price on Celsius from $72.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. TD Cowen lowered their target price on Celsius from $68.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Finally, Bank of America decreased their price objective on Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.40.

Celsius Price Performance

The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.95 and a beta of 1.86. The firm's 50 day moving average price is $31.41 and its two-hundred day moving average price is $49.31.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company's stock valued at $225,289,000 after purchasing an additional 2,754,722 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Celsius by 18.7% during the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company's stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares in the last quarter. Capital International Investors lifted its holdings in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company's stock valued at $328,877,000 after acquiring an additional 1,333,217 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Celsius during the 1st quarter valued at $99,746,000. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company's stock valued at $37,033,000 after acquiring an additional 1,072,859 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.