Stock Traders Buy High Volume of Call Options on Celsius (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) was the recipient of unusually large options trading on Wednesday. Investors acquired 107,663 call options on the stock. This is an increase of 44% compared to the typical volume of 74,832 call options.

Wall Street Analysts Forecast Growth

CELH has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Roth Mkm restated a "buy" rating and set a $38.00 target price on shares of Celsius in a report on Friday. B. Riley reaffirmed a "buy" rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a research note on Friday. TD Cowen downgraded shares of Celsius from a "buy" rating to a "hold" rating and cut their price target for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, December 19th. One investment 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. According to data from MarketBeat, Celsius has an average rating of "Moderate Buy" and a consensus price target of $47.67.

Celsius Stock Performance

Celsius stock traded up $7.09 during midday trading on Friday, reaching $32.62. The stock had a trading volume of 62,307,510 shares, compared to its average volume of 9,298,918. The stock has a market capitalization of $7.67 billion, a P/E ratio of 74.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. The firm's fifty day simple moving average is $26.00 and its 200-day simple moving average is $30.43. Celsius has a 1-year low of $21.10 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) 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 company had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. On average, sell-side analysts anticipate that Celsius will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CELH. HM Payson & Co. increased its position in shares of 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 acquiring an additional 550 shares during the last quarter. Signaturefd LLC grew its stake in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company's stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Celsius during the 3rd quarter worth approximately $39,000. Blue Trust Inc. raised its stake in shares of Celsius by 69.0% during the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company's stock worth $42,000 after purchasing an additional 549 shares in the last quarter. Finally, S.A. Mason LLC boosted its holdings in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after buying an additional 700 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.