Celsius Holdings Inc. (NASDAQ:CELH – Get Free Report)’s share price was down 5.9% on Wednesday. The stock traded as low as $28.44 and last traded at $28.1950. 3,044,004 shares were traded during trading, a decline of 61% from the average daily volume of 7,822,217 shares. The stock had previously closed at $29.96.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Wall Street Zen upgraded Celsius from a “sell” rating to a “hold” rating in a report on Sunday, October 4th. Deutsche Bank Aktiengesellschaft lowered Celsius from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research note on Thursday, August 27th. Stephens decreased their price objective on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 10th. TD Cowen dropped their target price on shares of Celsius from $41.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Needham & Company LLC cut their target price on shares of Celsius from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.76.
Celsius Price Performance
The firm has a market capitalization of $7.16 billion, a PE ratio of 117.81, a P/E/G ratio of 2.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The stock has a fifty day moving average price of $29.41 and a 200-day moving average price of $30.30.
Celsius (NASDAQ:CELH – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The company had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. Celsius’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Sell-side analysts forecast that Celsius Holdings Inc. will post 1.42 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Hal Kravitz purchased 12,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were acquired at an average cost of $28.00 per share, with a total value of $336,000.00. Following the completion of the acquisition, the director owned 239,158 shares of the company’s stock, valued at $6,696,424. This trade represents a 5.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Fieldly purchased 18,000 shares of Celsius stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the transaction, the chief executive officer owned 956,063 shares of the company’s stock, valued at approximately $26,234,368.72. This represents a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 66,000 shares of company stock worth $1,830,120 in the last 90 days. 2.33% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CELH. Quadrant Capital Group LLC raised its position in shares of Celsius by 9.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 17,856 shares of the company’s stock valued at $499,000 after purchasing an additional 1,586 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Celsius by 17.7% in the third quarter. Vontobel Holding Ltd. now owns 23,461 shares of the company’s stock worth $642,000 after buying an additional 3,522 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Celsius by 567.2% in the third quarter. TD Waterhouse Canada Inc. now owns 79,234 shares of the company’s stock worth $2,171,000 after buying an additional 67,358 shares during the last quarter. Krilogy Financial LLC lifted its stake in shares of Celsius by 8.8% during the third quarter. Krilogy Financial LLC now owns 8,826 shares of the company’s stock worth $251,000 after buying an additional 712 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Celsius by 85.4% during the third quarter. GAMMA Investing LLC now owns 4,870 shares of the company’s stock worth $133,000 after buying an additional 2,243 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.
About Celsius
Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.
Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.
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