Carl Desantis Purchases 500,000 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder Carl Desantis bought 500,000 shares of Celsius stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $3.60 per share, for a total transaction of $1,800,000.00. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of NASDAQ:CELH opened at $3.63 on Thursday. The company has a market capitalization of $218.50 million, a price-to-earnings ratio of -15.78 and a beta of 1.00. The firm’s 50 day simple moving average is $4.15 and its 200 day simple moving average is $4.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.48 and a quick ratio of 2.35. Celsius Holdings, Inc. has a fifty-two week low of $3.09 and a fifty-two week high of $5.37.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $16.12 million during the quarter, compared to analyst estimates of $15.15 million. Celsius had a net margin of 8.41% and a negative return on equity of 39.40%. Equities research analysts expect that Celsius Holdings, Inc. will post -0.02 earnings per share for the current year.

CELH has been the topic of several recent research reports. Zacks Investment Research lowered shares of Celsius from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Maxim Group reaffirmed a “buy” rating and issued a $8.00 target price on shares of Celsius in a research note on Friday, August 9th. TheStreet raised shares of Celsius from a “d” rating to a “c+” rating in a research note on Friday, May 31st. B. Riley set a $10.00 target price on shares of Celsius and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, ValuEngine upgraded shares of Celsius from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Celsius currently has a consensus rating of “Buy” and an average price target of $7.75.

Several large investors have recently made changes to their positions in CELH. Gamco Investors INC. ET AL acquired a new stake in shares of Celsius in the 2nd quarter valued at approximately $53,000. SG Americas Securities LLC acquired a new stake in shares of Celsius in the 1st quarter valued at approximately $71,000. Susquehanna International Group LLP acquired a new stake in Celsius during the 2nd quarter worth approximately $189,000. Charles Schwab Investment Management Inc. raised its holdings in Celsius by 12.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 62,854 shares of the company’s stock worth $280,000 after buying an additional 7,055 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Celsius by 12.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 66,545 shares of the company’s stock worth $295,000 after buying an additional 7,419 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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