Celsius (NASDAQ:CELH) Trading Up 6.9% - Still a Buy?

Shares of Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) rose 6.9% on Monday . The company traded as high as $28.63 and last traded at $28.96. Approximately 1,763,428 shares were traded during trading, a decline of 75% from the average daily volume of 7,146,795 shares. The stock had previously closed at $27.08.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CELH shares. Piper Sandler decreased their price target on Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Needham & Company LLC boosted their price target on shares of Celsius from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. B. Riley restated a "buy" rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a report on Monday, February 10th. Finally, TD Cowen cut shares of Celsius from a "buy" rating to a "hold" rating and dropped their target price for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.78.

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Celsius Trading Up 1.5 %

The company has a fifty day moving average price of $25.88 and a two-hundred day moving average price of $28.77. The firm has a market cap of $7.14 billion, a P/E ratio of 69.02, a PEG ratio of 2.90 and a beta of 1.90.

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 analyst estimates of $326.07 million. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Activity at Celsius

In other Celsius news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company's stock, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. grew its position in Celsius by 8.4% in the third quarter. Crossmark Global Holdings Inc. now owns 10,723 shares of the company's stock valued at $336,000 after purchasing an additional 834 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Celsius by 671.1% during the 3rd quarter. Quest Partners LLC now owns 21,814 shares of the company's stock worth $684,000 after buying an additional 18,985 shares during the last quarter. Savoir Faire Capital Management L.P. grew its holdings in shares of Celsius by 17.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company's stock valued at $5,442,000 after acquiring an additional 25,315 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Celsius in the third quarter valued at about $3,795,000. Finally, Moran Wealth Management LLC raised its holdings in Celsius by 68.0% during the third quarter. Moran Wealth Management LLC now owns 10,752 shares of the company's stock worth $337,000 after acquiring an additional 4,353 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.