Insider Buying: Celsius (NASDAQ:CELH) Director Purchases $553,000.00 in Stock

Celsius Holdings Inc. (NASDAQ:CELHGet Free Report) Director Damon Desantis bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average cost of $27.65 per share, for a total transaction of $553,000.00. Following the completion of the transaction, the director directly owned 2,712,187 shares in the company, valued at approximately $74,991,970.55. The trade was a 0.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Damon Desantis also recently made the following trade(s):

  • On Tuesday, September 15th, Damon Desantis purchased 16,000 shares of Celsius stock. The stock was bought at an average cost of $27.95 per share, with a total value of $447,200.00.

Celsius Stock Performance

NASDAQ CELH traded down $0.82 during trading hours on Tuesday, hitting $27.63. The company had a trading volume of 5,762,933 shares, compared to its average volume of 8,087,001. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. Celsius Holdings Inc. has a 1-year low of $23.56 and a 1-year high of $66.74. The company has a market cap of $6.99 billion, a PE ratio of 115.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. The business has a 50 day moving average of $29.86 and a 200-day moving average of $32.96.

Celsius (NASDAQ:CELHGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%.The firm had revenue of $817.93 million for the quarter, compared to analysts’ expectations of $870.08 million. During the same period in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Celsius Holdings Inc. will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently added to or reduced their stakes in CELH. Fideuram Asset Management Ireland dac acquired a new stake in Celsius during the 4th quarter worth approximately $31,000. Continuum Advisory LLC acquired a new position in shares of Celsius in the second quarter valued at approximately $31,000. Summit Securities Group LLC purchased a new stake in shares of Celsius during the first quarter worth approximately $56,000. Ancora Advisors LLC purchased a new stake in shares of Celsius during the second quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Celsius by 16.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,501 shares of the company’s stock worth $69,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CELH shares. Sanford C. Bernstein lowered Celsius from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $44.00 to $26.00 in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft downgraded Celsius from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a report on Thursday, August 27th. The Goldman Sachs Group set a $45.00 target price on shares of Celsius in a research report on Monday, August 10th. Roth Capital reaffirmed a “buy” rating and issued a $48.00 target price on shares of Celsius in a report on Friday, August 7th. Finally, Maxim Group downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.38.

Check Out Our Latest Stock Report on Celsius

Celsius Company Profile

(Get Free Report)

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.

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