Joyce Russell Sells 4,000 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Celsius Stock Up 10.5 %

NASDAQ CELH traded up $2.85 during trading hours on Monday, hitting $29.93. 11,456,399 shares of the stock were exchanged, compared to its average volume of 7,184,591. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 68.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85. The stock has a 50-day moving average of $25.84 and a 200 day moving average of $28.88.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $332.20 million during the quarter, compared to analysts' expectations of $326.07 million. On average, equities research analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on CELH. B. Riley reissued a "buy" rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a report on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 target price for the company. Needham & Company LLC lifted 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. Finally, Morgan Stanley restated an "equal weight" rating and issued a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.78.

Hedge Funds Weigh In On Celsius

A number of institutional investors and hedge funds have recently made changes to their positions in CELH. HM Payson & Co. increased its holdings in 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 buying an additional 550 shares in the last quarter. S.A. Mason LLC raised its holdings in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after purchasing an additional 700 shares during the last quarter. Activest Wealth Management acquired a new position in Celsius during the third quarter worth $39,000. GAMMA Investing LLC boosted its position in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after purchasing an additional 441 shares during the last quarter. 60.95% of the stock is 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.