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CELH investors who have experienced losses are encouraged to contact the firm before the January 21, 2025 deadline.
SAN FRANCISCO, Calif.–(News File Corporation – January 14, 2025) – The Celsius Holdings (Nasdaq: Nasdaq:)The energy drink maker, already declining from a 58-year-to-date decline, faced new pressure this month after a key analyst lowered its price target, citing the impact of the sales and distribution agreement with PepsiCo (NASDAQ:). This downgrade adds to the company’s woes, which include declining sales, revised financial forecasts and shareholder lawsuits alleging misleading statements.
On December 16, Roth MKM, an investment bank, lowered its price target on Celsius shares from $40 to $38, according to Nasdaq.com. Nasdaq.com reports that analysts at Roth MKM expected higher promotional allowances in the fourth quarter compared to the same period last year. More critically, Roth MKM indicated that the revised distribution agreement with PepsiCo will have a more negative impact on fourth-quarter earnings than expected, according to Nasdaq.com.
The analyst’s price target cut comes amid a securities class-action lawsuit alleging the company misled investors about its operations and prospects.
Hagens Berman is investigating the lawsuit and urges investors in Celsius who bought stock and suffered significant losses to file their losses now.
Class time: February 29, 2024 – September 4, 2024
Lead Plaintiff Deadline: January 21, 2025
Visit: www.hbsslaw.com/investor-fraud/celh
Contact the organization now: CELH@hbsslaw.com
844-916-0895
Celsius Holdings, Inc. (CELH) guarantee section Action (of:):
The complaint alleges Celsius failed to disclose several critical issues. These omissions included: excess inventory sent to PepsiCo in excess of actual consumer demand; PepsiCo’s sales forecast declines when it overperforms; Persistent sales prices for PepsiCo that created a distorted picture of the company’s performance; And, as a result, inflated business metrics and financial projections.
The company’s problems began to appear in 2010. May 28, 2024 As Celsius shares fell nearly 13 percent, Nielsen data showed sales growth was slowing. At the time, analysts had raised the possibility of a sharp decline in sales as PepsiCo downgraded its products.
Celsius stock plunged more than 11 percent on September 4, 2024 after another sharp decline. The presentation also revealed that PepsiCo has sold more than several million Celsius products over the past 18 months.
These disclosures prompted an investigation by Hagens Berman, a shareholder rights law firm. We are investigating whether Celsius, who is leading the investigation, deliberately concealed the amount of product stock at PepsiCo.
If you have invested in Celsius and have significant losses, or if you have knowledge that could help the company’s investigation, submit your losses now »
If you want more information and answers to frequently asked questions about the Celsius issue and our investigation, read more »
Drivers: Persons with non-public information regarding Celsius Holdings should consider their options for assisting in the investigation or using the SEC’s whistleblower program. Under the new program, whistleblowers who provide original information can receive awards of up to 30 percent of any successful recoveries made by the SEC. For more information, call Reed Kathrein at 844-916-0895 Or email CELH@hbsslaw.com.
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About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate liability. The firm has a strong practice and represents investors as well as whistleblowers, employees, consumers and others who have achieved real results for those affected by corporate negligence and other wrongdoing. The Hagens Berman Group has earned more than $2.9 billion in this area of law. More about the firm and its achievements can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
To view the source of this press release, please visit https://www.newsfilecorp.com/release/237189.
