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

Celsius Holdings, Inc. (NASDAQ:CELH) gapped up prior to trading on Friday . The stock had previously closed at $27.89, but opened at $29.23. Celsius shares last traded at $29.84, with a volume of 2,276,541 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CELH. Roth Mkm decreased their target price on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus lowered their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group cut their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Piper Sandler decreased their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Finally, Maxim Group cut their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.38.

Celsius Stock Performance

The stock has a market cap of $6.62 billion, a PE ratio of 39.13, a PEG ratio of 3.35 and a beta of 1.76. The stock has a fifty day moving average price of $30.01 and a 200 day moving average price of $43.56.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CELH. Massachusetts Financial Services Co. MA boosted its holdings in Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in shares of Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the period. MIG Capital LLC bought a new position in shares of Celsius in the third quarter worth about $30,358,000. Bank of New York Mellon Corp increased its stake in Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after buying an additional 790,014 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Celsius by 86.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after buying an additional 460,227 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

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.