Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Down 7.3% in May

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 14,710,000 shares, a decline of 7.3% from the May 15th total of 15,870,000 shares. Based on an average daily volume of 4,450,000 shares, the days-to-cover ratio is presently 3.3 days.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was 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 owns 83,670 shares in the company, valued at $5,808,371.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the sale, the insider now owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The disclosure for this sale can be found here. Insiders sold a total of 1,776,696 shares of company stock worth $107,920,209 over the last 90 days. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently modified their holdings of CELH. Cary Street Partners Investment Advisory LLC lifted its stake 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 acquiring an additional 135 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in Celsius in the 1st quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its stake in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares in the last quarter. Rise Advisors LLC lifted its stake in Celsius by 1,370.0% in the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in Celsius in the 4th quarter worth about $25,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Performance

Shares of NASDAQ:CELH traded up $4.86 on Tuesday, hitting $63.28. The company’s stock had a trading volume of 7,923,383 shares, compared to its average volume of 4,960,113. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 67.64, a price-to-earnings-growth ratio of 1.69 and a beta of 1.93. The stock’s 50-day moving average is $77.96 and its two-hundred day moving average is $69.77. Celsius has a 12 month low of $45.03 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $390.37 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’s revenue was up 36.9% on a year-over-year basis. Equities analysts expect that Celsius will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group dropped their target price on Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Wedbush dropped their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Stifel Europe upped their price objective on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Maxim Group dropped their price objective on Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group dropped their price objective on Celsius from $104.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.64.

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.