Celsius (NASDAQ:CELH) Trading Down 2.4% - Here's Why

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) traded down 2.4% during mid-day trading on Tuesday . The company traded as low as $36.00 and last traded at $36.45. 597,996 shares were traded during trading, a decline of 92% from the average session volume of 7,690,807 shares. The stock had previously closed at $37.34.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CELH shares. Morgan Stanley reissued an "equal weight" rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. TD Cowen cut Celsius from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. UBS Group boosted their price objective on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday. Jefferies Financial Group decreased their target price on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Finally, Piper Sandler boosted their price target on Celsius from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.47.

Celsius Price Performance

The company has a market cap of $9.60 billion, a price-to-earnings ratio of 84.64, a PEG ratio of 2.90 and a beta of 1.58. The firm has a 50 day simple moving average of $30.92 and a 200-day simple moving average of $29.27.

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, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Research analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Transactions at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value 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 disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Celsius

Several large investors have recently added to or reduced their stakes in CELH. Geode Capital Management LLC grew its stake in shares of Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock worth $93,928,000 after acquiring an additional 104,896 shares in the last quarter. Tidal Investments LLC grew its stake in Celsius by 58.9% during the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company's stock worth $695,000 after purchasing an additional 8,215 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Celsius during the 3rd quarter worth $734,000. Retirement Systems of Alabama increased its holdings in Celsius by 7.3% during the 3rd quarter. Retirement Systems of Alabama now owns 284,501 shares of the company's stock worth $8,922,000 after purchasing an additional 19,387 shares during the period. Finally, GAMMA Investing LLC raised its position in Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after purchasing an additional 1,114 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.