Celsius (NASDAQ:CELH) Shares Up 0%

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price shot up 0% during trading on Thursday . The company traded as high as $57.78 and last traded at $56.58. 1,135,330 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 4,999,711 shares. The stock had previously closed at $56.56.

Analysts Set New Price Targets

CELH has been the subject of a number of research reports. Truist Financial began coverage on Celsius in a report on Tuesday. They set a “hold” rating and a $60.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of Celsius from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group reduced their target price on shares of Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Wedbush cut their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Finally, TD Cowen lowered their target price on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $81.82.

Celsius Stock Down 0.8 %

The firm has a 50 day moving average of $75.00 and a two-hundred day moving average of $70.04. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 62.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.93.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm’s revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. Sell-side analysts forecast that Celsius Holdings, Inc. will post 1.07 EPS for the current fiscal year.

Insider Transactions at Celsius

In other news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Hal Kravitz sold 16,500 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,776,696 shares of company stock worth $107,920,209. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Institutional investors have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC grew its stake in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares during the period. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius in the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after acquiring an additional 374 shares during the period. Rise Advisors LLC grew its holdings in Celsius by 1,370.0% in the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in shares of Celsius during the fourth quarter valued at about $25,000. 60.95% of the stock is currently 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.