Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells $2,024,750.00 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Celsius Price Performance

Shares of CELH opened at $27.09 on Thursday. The company has a 50-day moving average of $30.03 and a two-hundred day moving average of $40.38. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 3.44 and a beta of 1.76. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its stake in Celsius by 4.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after purchasing an additional 289 shares during the period. Northwestern Mutual Wealth Management Co. grew 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 valued at $147,000 after buying an additional 289 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Celsius by 0.3% during the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares during the period. Arizona State Retirement System lifted its stake in Celsius by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock worth $2,376,000 after acquiring an additional 375 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CELH. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Morgan Stanley lowered their price objective on shares of Celsius from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday. B. Riley cut their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. Finally, Maxim Group cut their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.72.

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.