Stifel Nicolaus Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price objective lowered by research analysts at Stifel Nicolaus from $45.00 to $37.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 70.33% from the company’s previous close.

A number of other research analysts have also commented on CELH. Roth Mkm lowered their price target on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, December 16th. LADENBURG THALM/SH SH lowered their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.56.

Celsius Trading Down 3.1 %

Shares of NASDAQ CELH traded down $0.69 during mid-day trading on Monday, hitting $21.72. The company had a trading volume of 3,982,251 shares, compared to its average volume of 7,029,812. Celsius has a 1 year low of $21.45 and a 1 year high of $99.62. The stock’s 50-day moving average price is $27.18 and its 200-day moving average price is $31.67. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 2.44 and a beta of 1.78.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s 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 completion of the transaction, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CELH. Assenagon Asset Management S.A. grew its position in 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 acquiring an additional 337 shares in the last quarter. Signaturefd LLC grew its position in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. grew its position in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares in the last quarter. Finally, Apriem Advisors boosted its position in shares of Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after buying an additional 525 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.