Celsius (NASDAQ:CELH) Trading 5.3% Higher – Should You Buy?

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price was up 5.3% during mid-day trading on Wednesday . The company traded as high as $30.36 and last traded at $30.26. Approximately 6,860,611 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 5,412,552 shares. The stock had previously closed at $28.74.

Analysts Set New Price Targets

A number of research analysts have weighed in on CELH shares. Piper Sandler cut their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Jefferies Financial Group lowered their target price on Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus cut their price target on Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Roth Mkm lowered their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.29.

Celsius Stock Up 6.2 %

The company’s 50-day moving average is $36.07 and its 200-day moving average is $58.56. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.45 and a beta of 1.84.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. Celsius’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. On average, research analysts forecast that Celsius Holdings, Inc. will post 0.82 earnings per share for the current year.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

A number of institutional investors and hedge funds have recently bought and sold shares of CELH. Transcendent Capital Group LLC acquired a new position in Celsius during the 4th quarter worth about $25,000. FinTrust Capital Advisors LLC acquired a new position in shares of Celsius during the first quarter worth approximately $25,000. S.A. Mason LLC bought a new stake in shares of Celsius during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares in the last quarter. Finally, Rise Advisors LLC raised its position in Celsius by 1,370.0% in the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the last quarter. Institutional investors and hedge funds 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.