Celsius (NASDAQ:CELH) Sees Unusually-High Trading Volume – Here’s Why

Celsius Holdings, Inc. (NASDAQ:CELH) saw unusually-high trading volume on Friday . Approximately 2,933,545 shares traded hands during mid-day trading, a decline of 47% from the previous session’s volume of 5,548,366 shares.The stock last traded at $34.00 and had previously closed at $34.91.

Analysts Set New Price Targets

CELH has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. TD Cowen dropped their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial reduced their price target on shares of Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 6th. BNP Paribas started coverage on Celsius in a research report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price objective on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.93.

Celsius Stock Performance

The stock has a market cap of $7.91 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. The company’s 50-day moving average price is $35.54 and its 200 day moving average price is $58.20.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same period last year, the firm earned $0.17 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.82 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new position in shares of Celsius in the fourth quarter worth $25,000. FinTrust Capital Advisors LLC purchased a new stake in Celsius in the 1st quarter valued at about $25,000. S.A. Mason LLC bought a new position in shares of Celsius during the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC raised its stake in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius in the third quarter worth about $34,000. Institutional investors own 60.95% of the company’s stock.

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.