Celsius (NASDAQ:CELH) Rating Lowered to Sell at Wall Street Zen

by · The Cerbat Gem

Celsius (NASDAQ:CELH – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Maxim Group downgraded shares of Celsius from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Needham & Company LLC cut their price objective on Celsius from $55.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Sanford C. Bernstein downgraded Celsius from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $44.00 to $26.00 in a research report on Friday, August 7th. UBS Group set a $44.00 target price on Celsius and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $42.00 target price on Celsius and gave the company an “overweight” rating in a report on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.38.

Get Our Latest Analysis on CELH

Celsius Stock Performance

NASDAQ:CELH opened at $27.99 on Friday. Celsius has a 52-week low of $23.56 and a 52-week high of $66.74. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $29.52 and a 200-day simple moving average of $31.73. The company has a market capitalization of $7.08 billion, a PE ratio of 116.62, a price-to-earnings-growth ratio of 1.96 and a beta of 0.93.

Celsius (NASDAQ:CELH – Get Free Report) last issued 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). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The business had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. During the same period in the previous year, the company posted $0.47 earnings per share. Celsius’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Celsius will post 1.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Damon DeSantis bought 16,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $27.95 per share, for a total transaction of $447,200.00. Following the completion of the acquisition, the director owned 2,728,187 shares in the company, valued at $76,252,826.65. This trade represents a 0.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Fieldly purchased 18,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of $27.44 per share, with a total value of $493,920.00. Following the transaction, the chief executive officer directly owned 956,063 shares of the company’s stock, valued at $26,234,368.72. The trade was a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 66,000 shares of company stock valued at $1,830,120. Insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Celsius

A number of hedge funds have recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac purchased a new position in shares of Celsius in the 4th quarter worth $31,000. Continuum Advisory LLC acquired a new position in Celsius in the second quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in Celsius by 16.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,501 shares of the company’s stock valued at $69,000 after acquiring an additional 208 shares during the period. Summit Securities Group LLC purchased a new stake in Celsius during the first quarter valued at about $56,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Celsius during the first quarter worth about $69,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Company Profile

(Get Free Report)

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.

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