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

Celsius Holdings, Inc. (NASDAQ:CELH) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.74, but opened at $24.09. Celsius shares last traded at $25.62, with a volume of 4,966,735 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on CELH shares. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Piper Sandler cut their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. UBS Group cut their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Roth Mkm restated a “buy” rating and issued a $38.00 price target on shares of Celsius in a research note on Friday. Finally, JPMorgan Chase & Co. began coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Celsius has an average rating of “Moderate Buy” and an average target price of $47.67.

Celsius Price Performance

The company has a market capitalization of $7.67 billion, a PE ratio of 45.31, a P/E/G ratio of 2.96 and a beta of 1.78. The company has a 50-day moving average of $26.00 and a two-hundred day moving average of $30.43.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 59.40% and a net margin of 15.61%. As a group, research analysts anticipate that Celsius Holdings, Inc. will post 0.67 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings 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 period. Janney Montgomery Scott LLC increased its holdings in shares of Celsius by 85.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after purchasing an additional 26,801 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after purchasing an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. increased its holdings in shares of Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after purchasing an additional 25,315 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Celsius in the third quarter worth about $2,772,000. 60.95% of the stock is owned by institutional investors.

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.