Celsius Holdings, Inc. (NASDAQ:CELH) shot up 7.6% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $4.08 and last traded at $3.98, 666,381 shares were traded during mid-day trading. An increase of 458% from the average session volume of 119,490 shares. The stock had previously closed at $3.70.
The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate of $18.29 million. Celsius had a negative return on equity of 39.40% and a net margin of 8.41%.
CELH has been the subject of a number of research analyst reports. Maxim Group set a $8.00 target price on Celsius and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Zacks Investment Research upgraded Celsius from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley set a $10.00 target price on Celsius and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, ValuEngine downgraded Celsius from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $7.75.
In other news, Director William H. Milmoe bought 555,555 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $3.60 per share, for a total transaction of $1,999,998.00. Also, major shareholder Carl Desantis bought 500,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of $3.60 per share, with a total value of $1,800,000.00. Corporate insiders own 38.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Celsius by 14.0% in the second quarter. BlackRock Inc. now owns 1,344,774 shares of the company’s stock worth $5,971,000 after purchasing an additional 164,651 shares during the period. Vanguard Group Inc. lifted its position in shares of Celsius by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 919,268 shares of the company’s stock valued at $4,081,000 after acquiring an additional 24,417 shares during the last quarter. Anchor Capital Advisors LLC lifted its position in shares of Celsius by 3.6% during the 3rd quarter. Anchor Capital Advisors LLC now owns 252,966 shares of the company’s stock valued at $879,000 after acquiring an additional 8,697 shares during the last quarter. Northern Trust Corp lifted its position in shares of Celsius by 2.3% during the 2nd quarter. Northern Trust Corp now owns 240,153 shares of the company’s stock valued at $1,066,000 after acquiring an additional 5,330 shares during the last quarter. Finally, Eidelman Virant Capital acquired a new stake in shares of Celsius during the 3rd quarter valued at $487,000. Hedge funds and other institutional investors own 48.90% of the company’s stock.
The company has a current ratio of 3.48, a quick ratio of 2.35 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $3.39 and a 200 day moving average price of $3.98. The company has a market cap of $205.24 million, a price-to-earnings ratio of -17.17 and a beta of 0.90.
About Celsius (NASDAQ:CELH)
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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