Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) Insider Sells 10,188 Shares of Stock

Celsius Holdings, Inc. (NASDAQ:CELH) insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Celsius Stock Performance

Shares of CELH opened at $27.83 on Wednesday. The company has a 50 day moving average price of $25.86 and a 200-day moving average price of $29.14. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $99.62. The stock has a market capitalization of $6.54 billion, a PE ratio of 63.25, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Equities research analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Celsius by 85.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after acquiring an additional 26,801 shares during the last quarter. Van ECK Associates Corp lifted 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 valued at $893,000 after acquiring an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. lifted its position 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 valued at $5,442,000 after acquiring an additional 25,315 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Celsius during the third quarter valued at approximately $2,772,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CELH shares. Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Roth Mkm reiterated a “buy” rating and set a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Finally, TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.78.

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.