Celsius (NASDAQ:CELH) Trading Up 7.8%

Celsius Holdings, Inc. (NASDAQ:CELH) traded up 7.8% on Thursday . The stock traded as high as $83.24 and last traded at $83.18. 2,420,426 shares traded hands during trading, a decline of 49% from the average session volume of 4,760,703 shares. The stock had previously closed at $77.13.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CELH shares. UBS Group cut their price target on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday. Jefferies Financial Group boosted their price objective on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Stifel Europe raised their target price on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Celsius in a research report on Friday, May 3rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $75.00 price objective on shares of Celsius in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.95.

Celsius Price Performance

The firm’s 50 day moving average is $81.42 and its 200 day moving average is $65.97. The company has a market capitalization of $18.96 billion, a PE ratio of 110.01, a P/E/G ratio of 2.22 and a beta of 1.93.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. Celsius’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS. As a group, analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling at Celsius

In related news, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly 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 available through the SEC website. In other Celsius news, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,750,163 shares of the company’s stock, valued at approximately $1,417,172,226.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,043,363 shares of company stock valued at $131,361,140. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL purchased a new position in shares of Celsius in the first quarter worth $396,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Celsius by 19.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,327 shares of the company’s stock valued at $6,909,000 after purchasing an additional 13,800 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Celsius during the first quarter valued at about $395,000. Entropy Technologies LP bought a new stake in shares of Celsius in the first quarter worth about $332,000. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of Celsius by 70.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,845 shares of the company’s stock worth $153,000 after buying an additional 765 shares in the last quarter. Institutional investors 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.