Celsius (NASDAQ:CELH) Trading Down 5.2% Following Analyst Downgrade

Celsius Holdings Inc. (NASDAQ:CELH) was down 5.2% during mid-day trading on Monday after TD Cowen lowered their price target on the stock from $66.00 to $55.00. TD Cowen currently has a buy rating on the stock. Celsius traded as low as $33.11 and last traded at $33.4150. Approximately 2,061,572 shares changed hands during trading, a decline of 64% from the average daily volume of 5,720,441 shares. The stock had previously closed at $35.25.

Several other research analysts have also commented on CELH. Deutsche Bank Aktiengesellschaft raised Celsius from a “hold” rating to a “buy” rating and reduced their price target for the stock from $56.00 to $44.00 in a research report on Monday, March 30th. UBS Group reduced their price objective on shares of Celsius from $72.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Bank of America upgraded shares of Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, February 27th. Needham & Company LLC boosted their price objective on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Citigroup reduced their price objective on shares of Celsius from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $65.89.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CELH. Norges Bank acquired a new position in shares of Celsius in the fourth quarter valued at about $140,803,000. Massachusetts Financial Services Co. MA acquired a new stake in Celsius during the 4th quarter worth about $115,321,000. Westfield Capital Management Co. LP acquired a new stake in Celsius during the 4th quarter worth about $70,632,000. BNP Paribas Financial Markets grew its position in Celsius by 389.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock worth $98,490,000 after purchasing an additional 1,362,867 shares during the period. Finally, Scopus Asset Management L.P. acquired a new stake in Celsius during the 2nd quarter worth about $59,382,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Down 4.6%

The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average is $41.60 and its 200 day moving average is $47.49. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 134.67, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $721.63 million during the quarter, compared to analysts’ expectations of $638.17 million. Celsius had a return on equity of 37.68% and a net margin of 4.29%.Celsius’s quarterly revenue was up 117.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) EPS. Research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

About Celsius

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.