Celsius (NASDAQ:CELH) Shares Up 6.2% – Here’s What Happened

Celsius Holdings Inc. (NASDAQ:CELH)’s stock price traded up 6.2% during trading on Monday. The company traded as high as $29.96 and last traded at $29.9390. 3,383,402 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 7,842,254 shares. The stock had previously closed at $28.19.

Wall Street Analyst Weigh In

Several research firms recently commented on CELH. Morgan Stanley set a $42.00 price target on Celsius and gave the stock an “overweight” rating in a research report on Friday, August 7th. Bank of America decreased their price objective on Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Maxim Group downgraded Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings lowered Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Stephens dropped their target price on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.76.

Celsius Stock Performance

The firm has a market capitalization of $7.56 billion, a P/E ratio of 124.75, a P/E/G ratio of 2.00 and a beta of 1.01. The firm has a 50-day moving average price of $29.33 and a two-hundred day moving average price of $30.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The company had revenue of $817.93 million for the quarter, compared to analysts’ expectations of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, analysts forecast that Celsius Holdings Inc. will post 1.42 EPS for the current fiscal year.

Insider Activity

In other news, CEO John Fieldly purchased 18,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the acquisition, the chief executive officer owned 956,063 shares of the company’s stock, valued at approximately $26,234,368.72. This trade represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Damon DeSantis purchased 16,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of $27.95 per share, with a total value of $447,200.00. Following the acquisition, the director directly owned 2,728,187 shares of the company’s stock, valued at $76,252,826.65. This trade represents a 0.59% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 66,000 shares of company stock valued at $1,830,120. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Celsius

Hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in shares of Celsius in the second quarter valued at about $31,000. Summit Securities Group LLC bought a new position in Celsius during the 1st quarter worth about $56,000. AlphaCentric Advisors LLC bought a new position in Celsius during the 1st quarter worth about $69,000. Ancora Advisors LLC bought a new position in Celsius during the 2nd quarter worth about $64,000. Finally, Western Wealth Management LLC bought a new position in Celsius during the 1st quarter worth about $79,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Company Profile

Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.

Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.