Celsius (NASDAQ:CELH) Shares Down 5.2%

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price fell 5.2% during mid-day trading on Tuesday . The company traded as low as $56.62 and last traded at $56.69. 512,703 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,941,798 shares. The stock had previously closed at $59.77.

Wall Street Analyst Weigh In

CELH has been the subject of several recent analyst reports. Piper Sandler upped their price objective on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $68.00 price objective on shares of Celsius in a research report on Tuesday. Truist Financial assumed coverage on Celsius in a report on Tuesday. They set a “hold” rating and a $60.00 target price for the company. BNP Paribas initiated coverage on shares of Celsius in a report on Monday. They issued an “outperform” rating and a $87.00 price target on the stock. Finally, UBS Group decreased their price objective 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. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.82.

Celsius Trading Up 1.3 %

The stock’s 50 day moving average is $75.48 and its 200-day moving average is $70.08. The company has a market cap of $13.18 billion, a P/E ratio of 62.15, a PEG ratio of 1.61 and a beta of 1.93.

Celsius (NASDAQ:CELH) last posted 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. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 1.07 EPS for the current year.

Insider Buying and Selling at Celsius

In other news, CFO Jarrod Langhans sold 4,079 shares of the business’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 completion of the transaction, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,035,885 shares in the company, valued at approximately $1,493,891,257.95. The sale was disclosed in a document filed 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 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 completion of the transaction, the chief financial officer now 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 three months, insiders have sold 1,776,696 shares of company stock worth $107,920,209. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in Celsius during the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new position in Celsius in the fourth quarter worth approximately $25,000. FinTrust Capital Advisors LLC purchased a new position in shares of Celsius during the 1st quarter worth $25,000. Finally, Tidemark LLC bought a new stake in shares of Celsius during the 4th quarter valued at $29,000. 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.