Celsius (NASDAQ:CELH) Price Target Lowered to $42.00 at Morgan Stanley

Celsius (NASDAQ:CELH - Get Free Report) had its price objective cut by stock analysts at Morgan Stanley from $46.00 to $42.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 55.04% from the stock's current price.

A number of other research analysts have also weighed in on CELH. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a report on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective on the stock. Stifel Nicolaus cut their price target on shares of Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Needham & Company LLC began coverage on shares of Celsius in a research note on Friday, December 6th. They issued a "buy" rating and a $38.00 price objective for the company. Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a research report on Thursday, September 5th. Finally, UBS Group reduced their price target on shares of Celsius from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. One investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.72.

Celsius Price Performance

NASDAQ CELH traded down $2.15 on Wednesday, hitting $27.09. 17,650,998 shares of the company's stock were exchanged, compared to its average volume of 6,250,450. The firm 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. The firm's 50-day moving average price is $30.03 and its two-hundred day moving average price is $40.38. Celsius has a fifty-two week low of $25.23 and a fifty-two week high of $99.62.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, 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 this hyperlink. Corporate insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama grew its position in shares of Celsius by 7.3% in the third quarter. Retirement Systems of Alabama now owns 284,501 shares of the company's stock valued at $8,922,000 after purchasing an additional 19,387 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Celsius in the 3rd quarter worth about $734,000. Tidal Investments LLC grew its holdings in Celsius by 58.9% in the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company's stock valued at $695,000 after buying an additional 8,215 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Celsius by 66.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,284 shares of the company's stock valued at $103,000 after acquiring an additional 1,308 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Celsius by 479.6% during the 3rd quarter. Toronto Dominion Bank now owns 103,702 shares of the company's stock worth $3,252,000 after acquiring an additional 85,809 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.