Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now owns 45,297 shares of the company's stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Celsius Trading Down 0.6 %
Celsius stock opened at $27.23 on Tuesday. The business's 50 day simple moving average is $25.83 and its 200 day simple moving average is $29.22. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $99.62. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 2.90 and a beta of 1.90.
Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $332.20 million for the quarter, compared to analysts' expectations of $326.07 million. As a group, equities research analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have issued reports on CELH shares. UBS Group cut their price target on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Roth Mkm reaffirmed a "buy" rating and set a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. TD Cowen cut Celsius from a "buy" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $47.78.
Check Out Our Latest Stock Report on Celsius
Hedge Funds Weigh In On Celsius
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Champlain Investment Partners LLC purchased a new stake in shares of Celsius during the 4th quarter valued at approximately $85,068,000. Contrarius Group Holdings Ltd bought a new stake in Celsius during the 4th quarter valued at $75,535,000. Norges Bank bought a new stake in Celsius during the 4th quarter valued at $72,579,000. Alyeska Investment Group L.P. lifted its position in shares of Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock worth $181,164,000 after acquiring an additional 2,591,345 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Celsius in the fourth quarter worth $61,160,000. Institutional investors own 60.95% of the company's stock.
Celsius Company Profile
(
Get Free Report)
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.
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