Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) shares shot up 6.8% during mid-day trading on Monday . The company traded as high as $26.99 and last traded at $27.44. 4,083,274 shares changed hands during trading, a decline of 61% from the average session volume of 10,448,692 shares. The stock had previously closed at $25.69.
Wall Street Analyst Weigh In
A number of brokerages have commented on CELH. Needham & Company LLC increased their target price on Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Piper Sandler dropped their price objective on Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Roth Mkm restated a "buy" rating and issued a $38.00 target price on shares of Celsius in a report on Friday, February 21st. TD Cowen cut shares of Celsius from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group cut their price objective on shares of Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and a consensus price target of $47.78.
Check Out Our Latest Analysis on CELH
Celsius Stock Performance
The company has a market capitalization of $5.85 billion, a PE ratio of 56.71, a P/E/G ratio of 2.90 and a beta of 1.78. The business has a fifty day moving average price of $25.86 and a 200 day moving average price of $29.62.
Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million for the quarter, compared to analysts' expectations of $326.07 million. Research analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.
Insider Activity at Celsius
In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company's stock.
Hedge Funds Weigh In On Celsius
A number of institutional investors and hedge funds have recently bought and sold shares of CELH. HM Payson & Co. lifted its position in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 550 shares in the last quarter. S.A. Mason LLC lifted its holdings in Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after buying an additional 700 shares in the last quarter. Activest Wealth Management purchased a new position in Celsius in the 3rd quarter valued at about $39,000. GAMMA Investing LLC grew its stake in shares of Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after acquiring an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.
About Celsius
(
Get Free Report)
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.
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