Celsius (NASDAQ:CELH) Stock Price Up 4.2% – Still a Buy?

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price was up 4.2% during mid-day trading on Tuesday . The company traded as high as $27.15 and last traded at $26.94. Approximately 1,436,052 shares traded hands during trading, a decline of 77% from the average daily volume of 6,244,932 shares. The stock had previously closed at $25.85.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CELH shares. Roth Mkm cut their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. UBS Group reduced their price target on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Piper Sandler cut their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Finally, Needham & Company LLC began coverage on Celsius in a research report on Friday, December 6th. They issued a “buy” rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.28.

Celsius Trading Up 1.9 %

The business has a 50-day moving average price of $28.79 and a 200-day moving average price of $37.48. The stock has a market cap of $6.19 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

Institutional Trading of Celsius

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. Van ECK Associates Corp raised its stake in shares of Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after acquiring an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. increased its holdings in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after purchasing an additional 25,315 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after buying an additional 22,786 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in Celsius during the 3rd quarter worth approximately $2,772,000. Institutional investors and hedge funds 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.