Celsius Holdings, Inc. (NASDAQ:CELH – Get Free Report) shares were down 3.2% during mid-day trading on Wednesday after Wedbush lowered their price target on the stock from $85.00 to $83.00. Wedbush currently has an outperform rating on the stock. Celsius traded as low as $63.50 and last traded at $63.74. Approximately 3,262,468 shares changed hands during trading, a decline of 32% from the average daily volume of 4,826,377 shares. The stock had previously closed at $65.82.
A number of other research analysts have also issued reports on CELH. Stifel Nicolaus lowered their target price on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group decreased their price objective on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Morgan Stanley reduced their price target on Celsius from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday. Jefferies Financial Group lifted their price target on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Roth Mkm lifted their price target on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.97.
Insiders Place Their Bets
In other news, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now owns 25,035,885 shares of the company’s stock, valued at approximately $1,493,891,257.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock valued at $107,920,209 in the last three months. Company insiders own 2.20% of the company’s stock.
Institutional Trading of Celsius
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after purchasing an additional 8,899,873 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Celsius by 212.2% during the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after acquiring an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Celsius by 424.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after acquiring an additional 2,261,046 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Celsius by 188.8% during the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after acquiring an additional 1,934,400 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in Celsius in the fourth quarter valued at about $101,116,000. Institutional investors and hedge funds own 60.95% of the company’s stock.
Celsius Stock Down 6.3 %
The business has a fifty day moving average of $79.59 and a 200 day moving average of $69.51. The firm has a market cap of $14.38 billion, a P/E ratio of 72.33, a P/E/G ratio of 1.84 and a beta of 1.93.
Celsius (NASDAQ:CELH – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was up 36.9% on a year-over-year basis. On average, sell-side analysts expect that Celsius Holdings, Inc. will post 1.11 EPS for the current fiscal year.
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.