Celsius (NASDAQ:CELH) Sets New 1-Year Low at $44.16

Celsius Holdings, Inc. (NASDAQ:CELH) reached a new 52-week low on Thursday . The stock traded as low as $44.16 and last traded at $44.19, with a volume of 2644564 shares changing hands. The stock had previously closed at $46.83.

Analyst Ratings Changes

Several brokerages recently commented on CELH. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price target on shares of Celsius in a research report on Tuesday, July 9th. Maxim Group dropped their target price on shares of Celsius from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Jefferies Financial Group decreased their price target on shares of Celsius from $98.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Roth Mkm dropped their price objective on shares of Celsius from $87.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, BNP Paribas initiated coverage on shares of Celsius in a research note on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.51.

Celsius Trading Down 4.7 %

The firm’s fifty day moving average is $59.79 and its 200-day moving average is $69.58. The stock has a market capitalization of $9.95 billion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90.

Celsius (NASDAQ:CELH) last released its quarterly 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. 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 18.63% and a return on equity of 111.29%. The business’s revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. As a group, equities analysts predict that Celsius Holdings, Inc. will post 1.05 EPS for the current year.

Insider Activity

In related news, insider Paul H. Storey sold 1,833 shares of the firm’s 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 completion of 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. In other Celsius news, major shareholder William H. Milmoe sold 428,574 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now owns 23,750,163 shares in the company, valued at approximately $1,417,172,226.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul H. Storey sold 1,833 shares of Celsius stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total value of $138,263.19. Following the completion of the transaction, the insider now owns 41,044 shares of the company’s stock, valued at approximately $3,095,948.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 486,907 shares of company stock valued at $30,918,729. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Celsius

Several hedge funds have recently added to or reduced their stakes in CELH. FinTrust Capital Advisors LLC acquired a new stake in Celsius during the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its stake in Celsius by 3,116.7% during 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 position in Celsius by 1,370.0% in the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Celsius in the fourth quarter valued at $25,000. Finally, Beacon Capital Management LLC purchased a new position in shares of Celsius during the first quarter worth about $40,000. Institutional investors and hedge funds 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.