Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) CEO Sells $2,454,981.60 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Celsius Stock Performance

Celsius stock opened at $34.28 on Thursday. Celsius Holdings, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $99.62. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85. The stock’s fifty day moving average is $41.39 and its two-hundred day moving average is $64.52.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same period in the prior year, the company earned $0.17 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Celsius during the fourth quarter worth about $25,000. FinTrust Capital Advisors LLC acquired a new stake in Celsius during the first quarter worth approximately $25,000. Tidemark LLC purchased a new stake in Celsius in the 4th quarter worth approximately $29,000. Heritage Wealth Advisors raised its holdings in Celsius by 200.0% in the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after acquiring an additional 368 shares during the last quarter. Finally, S.A. Mason LLC purchased a new position in shares of Celsius during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CELH. TD Cowen cut their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. BNP Paribas assumed coverage on shares of Celsius in a research report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. Roth Mkm lowered their target price on shares of Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Finally, UBS Group lowered their price objective on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.64.

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.