Celsius Target of Unusually High Options Trading (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of unusually large options trading on Wednesday. Stock investors purchased 107,663 call options on the company. This is an increase of approximately 44% compared to the average daily volume of 74,832 call options.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Celsius by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after purchasing an additional 345,837 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock worth $376,455,000 after purchasing an additional 1,444,020 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock worth $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. State Street Corp raised its stake in shares of Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company’s stock worth $106,813,000 after purchasing an additional 1,585,839 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Roth Mkm decreased their price target on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a research note on Tuesday, January 28th. Jefferies Financial Group cut their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Piper Sandler cut their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, B. Riley cut their target price on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.56.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $26.09 on Thursday. The business’s 50 day simple moving average is $26.13 and its two-hundred day simple moving average is $30.47. The firm has a market cap of $6.13 billion, a P/E ratio of 36.24, a PEG ratio of 2.52 and a beta of 1.78. Celsius has a 52-week low of $21.10 and a 52-week high of $99.62.

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.