Celsius (NASDAQ:CELH) Reaches New 1-Year Low Following Analyst Downgrade

Shares of Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) reached a new 52-week low during trading on Monday after Stifel Nicolaus lowered their price target on the stock from $45.00 to $37.00. Stifel Nicolaus currently has a buy rating on the stock. Celsius traded as low as $21.45 and last traded at $21.68, with a volume of 1266819 shares traded. The stock had previously closed at $22.41.

Other research analysts have also recently issued research reports about the company. Truist Financial raised 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. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They set an "overweight" rating and a $37.00 price objective for the company. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Morgan Stanley reiterated an "equal weight" rating and issued a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Finally, Roth Mkm cut their price objective on Celsius from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and an average price target of $47.56.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 261,245 shares of the company's stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

Large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its stake in shares of Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company's stock worth $3,106,000 after buying an additional 337 shares during the last quarter. Signaturefd LLC boosted its holdings in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company's stock valued at $36,000 after acquiring an additional 378 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock valued at $1,151,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after purchasing an additional 441 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Celsius by 14.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock worth $99,000 after purchasing an additional 459 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Stock Performance

The firm has a 50 day moving average of $26.74 and a two-hundred day moving average of $31.24. The stock has a market cap of $5.33 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.44 and a beta of 1.78.

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.