Celsius (NASDAQ:CELH) Shares Gap Down – Time to Sell?

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $26.81, but opened at $26.16. Celsius shares last traded at $26.37, with a volume of 1,865,900 shares traded.

Analyst Ratings Changes

CELH has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Monday, January 6th. Finally, UBS Group dropped their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.78.

Celsius Trading Down 3.8 %

The business has a 50 day moving average of $28.09 and a 200-day moving average of $34.48. The stock has a market cap of $6.06 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.99 and a beta of 1.79.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the period. Van ECK Associates Corp increased its position in Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after purchasing an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. raised its stake in Celsius by 17.1% during the third 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. grew its stake in shares of Celsius by 93.5% during 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 stake in shares of Celsius during the 3rd quarter worth $2,772,000. Hedge funds and other 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.