Celsius (NASDAQ:CELH) Stock Price Up 0%

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price shot up 0% during mid-day trading on Thursday . The stock traded as high as $57.78 and last traded at $56.58. 1,135,330 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,999,711 shares. The stock had previously closed at $56.56.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CELH shares. UBS Group reduced their price target on shares of Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Jefferies Financial Group cut their price objective on shares of Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Morgan Stanley restated an “equal weight” rating and issued a $68.00 price target on shares of Celsius in a research note on Tuesday. Bank of America boosted their target price on shares of Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 29th. Finally, Piper Sandler raised their target price on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with 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 target price of $81.82.

Celsius Stock Performance

The business’s fifty day moving average price is $75.00 and its two-hundred day moving average price is $70.04. The stock has a market capitalization of $13.31 billion, a P/E ratio of 62.74, a P/E/G ratio of 1.66 and a beta of 1.93.

Celsius (NASDAQ:CELH) last issued 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 company had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. As a group, analysts forecast that Celsius Holdings, Inc. will post 1.07 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The disclosure for this sale can be found here. Insiders have sold 1,776,696 shares of company stock valued at $107,920,209 in the last ninety days. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Celsius by 18.7% in the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after buying an additional 2,567,290 shares during the period. Capital International Investors grew its holdings in Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after acquiring an additional 1,333,217 shares in the last quarter. Wellington Management Group LLP increased its position in Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after purchasing an additional 2,306,598 shares during the period. Eagle Asset Management Inc. raised its holdings in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after purchasing an additional 1,934,400 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Celsius by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock valued at $232,365,000 after purchasing an additional 9,054 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

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.