Morgan Stanley Issues Pessimistic Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price objective dropped by investment analysts at Morgan Stanley from $46.00 to $42.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 50.32% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Bank of America dropped their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Piper Sandler dropped their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective on the stock. UBS Group dropped their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Needham & Company LLC began coverage on shares of Celsius in a research note on Friday, December 6th. They set a “buy” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.28.

Celsius Price Performance

Shares of CELH stock opened at $27.94 on Wednesday. The company has a market capitalization of $6.57 billion, a P/E ratio of 38.81, a P/E/G ratio of 3.44 and a beta of 1.76. The company’s 50-day simple moving average is $29.89 and its two-hundred day simple moving average is $40.29. Celsius has a one year low of $25.23 and a one year high of $99.62.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors raised its holdings in shares of Celsius by 4.1% during the second quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock worth $414,000 after purchasing an additional 289 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celsius by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after purchasing an additional 289 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Celsius by 0.3% during the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after purchasing an additional 337 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Celsius by 0.9% during the second quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock worth $2,376,000 after purchasing an additional 375 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the last quarter. 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.