Celsius (NASDAQ:CELH) Shares Gap Up – Time to Buy?

Celsius Holdings, Inc. (NASDAQ:CELH) shares gapped up prior to trading on Monday . The stock had previously closed at $33.65, but opened at $34.38. Celsius shares last traded at $35.99, with a volume of 1,691,105 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CELH shares. Piper Sandler reduced their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective on the stock. Truist Financial upgraded shares of Celsius from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $45.00 in a report on Monday. Needham & Company LLC lifted their target price on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Price Performance

The business’s 50-day simple moving average is $26.86 and its two-hundred day simple moving average is $28.77. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 81.96, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Celsius

Several institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its holdings in shares of Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. raised its stake in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares during the period. TD Private Client Wealth LLC raised its stake in Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock worth $99,000 after acquiring an additional 459 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Celsius by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company’s stock worth $2,040,000 after purchasing an additional 490 shares during the period. Finally, Apriem Advisors increased its stake in Celsius by 3.0% during the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after buying an additional 525 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

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.