Celsius (NASDAQ:CELH) Trading 0% Higher

Celsius Holdings, Inc. (NASDAQ:CELH) shot up 0% during mid-day trading on Thursday . The stock traded as high as $57.78 and last traded at $56.58. 1,135,330 shares changed hands during trading, a decline of 77% from the average session volume of 4,999,711 shares. The stock had previously closed at $56.56.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CELH shares. Bank of America lifted their price target on shares of Celsius from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 29th. Jefferies Financial Group dropped their price target on Celsius from $104.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. Roth Mkm reduced their price objective on Celsius from $96.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, June 17th. TD Cowen decreased their price objective on Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Finally, Stifel Nicolaus cut their target price on Celsius from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.82.

Celsius Trading Down 0.1 %

The company’s 50-day simple moving average is $75.48 and its 200 day simple moving average is $70.08. The stock has a market cap of $13.17 billion, a P/E ratio of 61.75, a PEG ratio of 1.61 and a beta of 1.93.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $390.37 million. During the same period last year, the company posted $0.13 earnings per share. Celsius’s quarterly revenue was up 36.9% compared to the same quarter last year. Research analysts anticipate that Celsius Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares in the company, valued at approximately $21,029,472.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the sale, the insider now owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,776,696 shares of company stock worth $107,920,209. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently modified their holdings of CELH. First Trust Advisors LP lifted its position in shares of Celsius by 123.5% during the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after acquiring an additional 324,049 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of Celsius during the fourth quarter valued at about $242,000. Coldstream Capital Management Inc. lifted its holdings in shares of Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after buying an additional 2,589 shares in the last quarter. Moody National Bank Trust Division purchased a new position in Celsius during the fourth quarter valued at approximately $917,000. Finally, Dimensional Fund Advisors LP increased its holdings in Celsius by 215.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after acquiring an additional 332,980 shares during the period. 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.