Celsius Holdings, Inc. (NASDAQ:CELH) CFO Jarrod Langhans Sells 4,079 Shares

Celsius Holdings, Inc. (NASDAQ:CELHGet Free Report) CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now directly owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Celsius Price Performance

Shares of CELH opened at $68.84 on Monday. Celsius Holdings, Inc. has a 1-year low of $29.42 and a 1-year high of $99.62. The company has a 50-day moving average of $78.80 and a 200 day moving average of $64.30. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 89.02, a PEG ratio of 2.01 and a beta of 1.86.

Celsius (NASDAQ:CELHGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The company had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. During the same quarter last year, the business posted $0.01 EPS. The firm’s revenue for the quarter was up 95.2% on a year-over-year basis. On average, equities analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celsius

Several large investors have recently modified their holdings of the business. Valley National Advisers Inc. raised its holdings in shares of Celsius by 31.3% in the 1st quarter. Valley National Advisers Inc. now owns 1,217 shares of the company’s stock valued at $100,000 after purchasing an additional 290 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Celsius by 128.8% in the 1st quarter. SeaCrest Wealth Management LLC now owns 16,241 shares of the company’s stock valued at $1,347,000 after purchasing an additional 9,144 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Celsius by 14.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,631,651 shares of the company’s stock valued at $135,297,000 after purchasing an additional 209,284 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Celsius in the 1st quarter valued at about $412,000. Finally, Griffin Asset Management Inc. purchased a new position in shares of Celsius in the 1st quarter worth approximately $387,000. Institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CELH. Stifel Nicolaus lifted their price objective on shares of Celsius from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Piper Sandler lifted their price objective on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Jefferies Financial Group lifted their price objective on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Wedbush lifted their price objective on shares of Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Roth Mkm lifted their price target on shares of Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.10.

View Our Latest Report on Celsius

Celsius Company Profile

(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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