Celsius (NASDAQ:CELH) Trading Down 4.6% After Analyst Downgrade

Shares of Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) were down 4.6% on Wednesday after Morgan Stanley lowered their price target on the stock from $46.00 to $42.00. Morgan Stanley currently has an equal weight rating on the stock. Celsius traded as low as $27.85 and last traded at $27.89. Approximately 3,643,571 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 6,190,117 shares. The stock had previously closed at $29.24.

Several other analysts also recently weighed in on CELH. LADENBURG THALM/SH SH lowered their target price on shares of Celsius from $72.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. Truist Financial boosted their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Piper Sandler lowered their price target on shares of Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 24th. Stifel Nicolaus decreased their target price on Celsius from $51.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. assumed coverage on Celsius in a research note on Thursday, December 12th. They set an "overweight" rating and a $37.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and a consensus price target of $50.72.

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 value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

Large investors have recently modified their holdings of the company. Arkadios Wealth Advisors increased its holdings in Celsius by 4.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company's stock valued at $414,000 after purchasing an additional 289 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Celsius by 12.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company's stock valued at $147,000 after buying an additional 289 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Celsius by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company's stock valued at $3,106,000 after buying an additional 337 shares during the period. Arizona State Retirement System lifted its position in Celsius by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 41,615 shares of the company's stock worth $2,376,000 after acquiring an additional 375 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after acquiring an additional 378 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Price Performance

The company's 50-day simple moving average is $30.03 and its 200-day simple moving average is $40.38. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 37.63, a P/E/G ratio of 3.44 and a beta of 1.76.

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.