Celsius Holdings, Inc. (NASDAQ:CELH) Insider Paul H. Storey Sells 1,833 Shares

Celsius Holdings, Inc. (NASDAQ:CELH) insider Paul H. Storey sold 1,833 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total transaction of $138,263.19. Following the transaction, the insider now directly owns 41,044 shares in the company, valued at approximately $3,095,948.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Celsius Price Performance

NASDAQ:CELH traded up $4.94 during midday trading on Thursday, reaching $82.07. The stock had a trading volume of 8,865,591 shares, compared to its average volume of 4,838,855. Celsius Holdings, Inc. has a 1-year low of $39.50 and a 1-year high of $99.62. The firm’s fifty day simple moving average is $81.42 and its 200-day simple moving average is $65.97. The stock has a market capitalization of $18.96 billion, a P/E ratio of 110.01, a PEG ratio of 2.22 and a beta of 1.93.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. During the same period last year, the business posted $0.13 EPS. Celsius’s revenue was up 36.9% compared to the same quarter last year. On average, equities research analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently bought and sold shares of CELH. Cary Street Partners Investment Advisory LLC grew its position in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in Celsius in the 4th quarter worth $25,000. Transcendent Capital Group LLC acquired a new stake in Celsius in the 4th quarter worth $25,000. FinTrust Capital Advisors LLC acquired a new stake in Celsius in the 1st quarter worth $25,000. Finally, Tidemark LLC acquired a new stake in shares of Celsius during the 4th quarter valued at about $29,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America cut shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Friday, January 19th. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Celsius in a research note on Friday, May 3rd. Jefferies Financial Group raised their target price on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Piper Sandler increased their price objective on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Maxim Group lifted their target price on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.95.

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.