Celsius Holdings, Inc. (NASDAQ:CELH) Insider Sells $262,544.76 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) insider Paul H. Storey sold 10,188 shares of the firm’s 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 trade represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Celsius Trading Down 0.6 %

CELH stock traded down $0.16 during midday trading on Monday, hitting $27.23. 12,055,874 shares of the company’s stock were exchanged, compared to its average volume of 7,131,147. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 61.89, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The firm has a 50 day moving average price of $25.80 and a 200-day moving average price of $29.31. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Celsius

Several large investors have recently modified their holdings of the stock. HM Payson & Co. increased its holdings in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 550 shares during the last quarter. Activest Wealth Management bought a new stake in shares of Celsius in the 3rd quarter valued at approximately $39,000. S.A. Mason LLC raised its position in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares in the last quarter. GAMMA Investing LLC lifted its stake in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Celsius in the third quarter worth $55,000. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. UBS Group lowered their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective on the stock. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Celsius Company Profile

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.