Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) Insider Sells 1,833 Shares of Stock

Celsius Holdings, Inc. (NASDAQ:CELH) insider Paul H. Storey sold 1,833 shares of Celsius stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total transaction of $138,263.19. Following the completion of the transaction, the insider now directly owns 41,044 shares in the company, valued at approximately $3,095,948.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Celsius Price Performance

Shares of NASDAQ CELH traded up $5.07 during midday trading on Friday, hitting $87.14. The stock had a trading volume of 1,634,446 shares, compared to its average volume of 4,794,579. Celsius Holdings, Inc. has a fifty-two week low of $40.87 and a fifty-two week high of $99.62. The firm has a market cap of $20.13 billion, a P/E ratio of 106.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.93. The company’s 50-day simple moving average is $81.43 and its 200 day simple moving average is $66.08.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Equities analysts expect that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Institutional Trading of Celsius

A number of institutional investors have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC raised its position in shares of Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Heritage Wealth Advisors acquired a new position in Celsius in the third quarter valued at about $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Celsius in the third quarter worth about $36,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius during the first quarter worth about $25,000. Finally, Signaturefd LLC increased its stake in Celsius by 212.0% during the 3rd quarter. Signaturefd LLC now owns 337 shares of the company’s stock worth $58,000 after purchasing an additional 229 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CELH. Jefferies Financial Group lifted their price target on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Piper Sandler raised their price objective on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Stifel Nicolaus cut their price target on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $75.00 target price on shares of Celsius in a report on Wednesday, March 27th. Finally, UBS Group lowered their price target on Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.95.

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.