Celsius (NASDAQ:CELH) Sees Unusually-High Trading Volume Following Earnings Beat

Celsius Holdings, Inc. (NASDAQ:CELH) saw unusually-high trading volume on Tuesday after the company announced better than expected quarterly earnings. Approximately 4,799,901 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 4,662,873 shares.The stock last traded at $75.81 and had previously closed at $78.33.

The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. The business had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS.

Analysts Set New Price Targets

CELH has been the subject of several research analyst reports. Bank of America cut shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Friday, January 19th. Piper Sandler upped their target price on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Celsius in a research report on Friday, May 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $75.00 price objective on shares of Celsius in a research note on Wednesday, March 27th. Finally, Stifel Nicolaus dropped their target price on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.95.

Insider Buying and Selling at Celsius

In other news, Director Nicholas Castaldo sold 165,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the completion of the sale, the director now owns 352,864 shares of the company’s stock, valued at $29,404,157.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the sale, the insider now owns 219,257 shares of the company’s stock, valued at $20,993,857.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Nicholas Castaldo sold 165,000 shares of Celsius stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the completion of the sale, the director now owns 352,864 shares in the company, valued at $29,404,157.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,045,196 shares of company stock valued at $131,499,404. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division bought a new position in shares of Celsius in the fourth quarter valued at $917,000. Yousif Capital Management LLC increased its stake in shares of Celsius by 197.3% during the 4th quarter. Yousif Capital Management LLC now owns 54,329 shares of the company’s stock worth $2,962,000 after purchasing an additional 36,057 shares during the last quarter. Kercheville Advisors LLC bought a new stake in shares of Celsius in the 4th quarter valued at about $851,000. Qube Research & Technologies Ltd lifted its stake in Celsius by 761.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 190,048 shares of the company’s stock valued at $32,612,000 after purchasing an additional 167,977 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Celsius by 190.0% during the fourth quarter. Arizona State Retirement System now owns 41,209 shares of the company’s stock worth $2,247,000 after buying an additional 26,998 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Up 6.4 %

The stock has a market cap of $18.96 billion, a P/E ratio of 106.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.93. The firm has a 50 day simple moving average of $81.43 and a 200-day simple moving average of $66.08.

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.