Celsius (NASDAQ:CELH) Trading Down 0.7%

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $56.05 and last traded at $57.42. 1,174,403 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 5,007,506 shares. The stock had previously closed at $57.84.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America boosted their price objective on Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 29th. Jefferies Financial Group cut their price objective on shares of Celsius from $104.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Maxim Group lowered their target price on shares of Celsius from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Stifel Europe increased their price target on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Roth Mkm decreased their price objective on Celsius from $96.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, June 17th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.82.

Celsius Stock Performance

The company has a 50-day moving average of $74.76 and a 200-day moving average of $70.36. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 62.71, a price-to-earnings-growth ratio of 1.65 and a beta of 1.91.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. Celsius’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, analysts anticipate that Celsius Holdings, Inc. will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now directly owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the completion of the transaction, the insider now directly owns 23,964,450 shares in the company, valued at approximately $1,429,958,731.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the sale, the insider now owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,776,696 shares of company stock worth $107,920,209. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently modified their holdings of CELH. Contravisory Investment Management Inc. acquired a new position in shares of Celsius in the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new stake in Celsius in the 4th quarter worth about $25,000. FinTrust Capital Advisors LLC bought a new stake in Celsius in the 1st quarter valued at about $25,000. Tidemark LLC bought a new position in Celsius in the 4th quarter valued at about $29,000. Finally, Heritage Wealth Advisors raised its position in shares of Celsius by 200.0% in the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after buying an additional 368 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

About Celsius

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.