Celsius (NASDAQ:CELH) Shares Gap Up - Should You Buy?

Shares of Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $22.74, but opened at $24.09. Celsius shares last traded at $25.62, with a volume of 4,966,735 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Roth Mkm restated a "buy" rating and set a $38.00 price objective on shares of Celsius in a research report on Friday. JPMorgan Chase & Co. began coverage on Celsius in a report on Thursday, December 12th. They set an "overweight" rating and a $37.00 price target for the company. Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. B. Riley reiterated a "buy" rating and issued a $49.00 target price (up previously from $44.00) on shares of Celsius in a research note on Friday. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $47.67.

Celsius Stock Up 27.8 %

The firm has a market cap of $7.67 billion, a PE ratio of 74.14, a P/E/G ratio of 2.90 and a beta of 1.78. The company's fifty day moving average price is $26.00 and its two-hundred day moving average price is $30.43.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. As a group, analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The stock was 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 of the company's stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company's stock.

Institutional Trading of Celsius

Several institutional investors have recently modified their holdings of the company. Champlain Investment Partners LLC purchased a new stake in Celsius during the fourth quarter valued at about $85,068,000. Contrarius Group Holdings Ltd bought a new position in shares of Celsius during the 4th quarter valued at $75,535,000. Norges Bank acquired a new stake in shares of Celsius in the fourth quarter worth about $72,579,000. Alyeska Investment Group L.P. boosted its position in 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 purchasing an additional 2,591,345 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Celsius during the fourth quarter valued at about $61,160,000. Institutional investors and hedge funds 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.