Celsius (NASDAQ:CELH) Price Target Cut to $35.00 by Analysts at TD Cowen

Key Points

• TD Cowen cut Celsius’ price target to $35 from $41 while maintaining a “buy” rating, implying roughly 24.9% upside from the stock’s prior close.
• Celsius shares fell 1.3% to $28.02, while the broader analyst consensus remained “Moderate Buy” with an average price target of $42.12.
• The company recently missed quarterly earnings and revenue estimates, though sales increased 10.6% year over year. Insiders bought 66,000 shares worth approximately $1.83 million over the past 90 days.

Celsius (NASDAQ:CELH - Get Free Report) had its price target reduced by stock analysts at TD Cowen from $41.00 to $35.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's target price would suggest a potential upside of 24.90% from the company's previous close.

CELH has been the topic of several other research reports. JPMorgan Chase & Co. reduced their target price on shares of Celsius from $56.00 to $52.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Needham & Company LLC lowered their price target on shares of Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Bank of America dropped their price target on shares of Celsius from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. Stifel Nicolaus set a $37.00 price objective on shares of Celsius in a report on Friday, August 7th. Finally, UBS Group set a $44.00 price objective on shares of Celsius and gave the company a "buy" rating in a research note on Friday, August 7th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.12.

Celsius Trading Down 1.3%

Celsius stock traded down $0.37 during mid-day trading on Tuesday, hitting $28.02. The stock had a trading volume of 1,394,087 shares, compared to its average volume of 7,882,409. The stock has a 50-day simple moving average of $29.30 and a two-hundred day simple moving average of $30.56. The stock has a market capitalization of $7.09 billion, a PE ratio of 116.73, a P/E/G ratio of 2.00 and a beta of 1.01. Celsius has a 12 month low of $23.56 and a 12 month high of $66.74. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The firm had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. Celsius had a return on equity of 36.52% and a net margin of 4.24%. Celsius's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. As a group, sell-side analysts forecast that Celsius will post 1.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Hal Kravitz purchased 12,000 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of $28.00 per share, with a total value of $336,000.00. Following the purchase, the director directly owned 239,158 shares of the company's stock, valued at $6,696,424. This trade represents a 5.28% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Fieldly purchased 18,000 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the acquisition, the chief executive officer owned 956,063 shares of the company's stock, valued at approximately $26,234,368.72. This represents a 1.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 66,000 shares of company stock worth $1,830,120. Corporate insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Celsius

Several institutional investors have recently bought and sold shares of the company. Diversify Wealth Management LLC boosted its holdings in shares of Celsius by 0.4% in the 1st quarter. Diversify Wealth Management LLC now owns 67,421 shares of the company's stock valued at $2,202,000 after buying an additional 297 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in Celsius by 9.1% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,800 shares of the company's stock worth $170,000 after buying an additional 400 shares during the last quarter. Fieldview Capital Management LLC increased its holdings in Celsius by 4.0% during the fourth quarter. Fieldview Capital Management LLC now owns 10,424 shares of the company's stock worth $477,000 after buying an additional 405 shares during the last quarter. Sharp Wealth Advisory LLC raised its position in Celsius by 9.5% during the first quarter. Sharp Wealth Advisory LLC now owns 5,750 shares of the company's stock worth $204,000 after acquiring an additional 500 shares in the last quarter. Finally, RFG Advisory LLC raised its position in Celsius by 2.5% during the first quarter. RFG Advisory LLC now owns 27,585 shares of the company's stock worth $979,000 after acquiring an additional 678 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Company Profile

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.

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