Celsius Holdings Inc. (NASDAQ:CELH – Get Free Report) fell 7.3% on Monday . The stock traded as low as $30.90 and last traded at $30.8420. 8,065,811 shares were traded during trading, an increase of 17% from the average session volume of 6,884,676 shares. The stock had previously closed at $33.27.
Analysts Set New Price Targets
Several research firms recently weighed in on CELH. JPMorgan Chase & Co. cut their price objective on Celsius from $77.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Citigroup cut their price objective on Celsius from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings raised Celsius from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Bank of America raised Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price target for the company in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $44.00 price target on shares of Celsius in a report on Friday, May 8th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.55.
Check Out Our Latest Stock Analysis on CELH
Celsius Stock Performance
Celsius (NASDAQ:CELH – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.12. The business had revenue of $782.62 million for the quarter, compared to analyst estimates of $763.08 million. Celsius had a return on equity of 37.95% and a net margin of 5.85%.Celsius’s revenue for the quarter was up 137.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. As a group, analysts anticipate that Celsius Holdings Inc. will post 1.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Hal Kravitz purchased 8,400 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $29.73 per share, with a total value of $249,732.00. Following the purchase, the director directly owned 227,158 shares in the company, valued at $6,753,407.34. This trade represents a 3.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Fieldly purchased 8,475 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $29.36 per share, for a total transaction of $248,826.00. Following the purchase, the chief executive officer owned 937,540 shares in the company, valued at $27,526,174.40. This trade represents a 0.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.33% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Celsius by 16.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,501 shares of the company’s stock valued at $69,000 after purchasing an additional 208 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Celsius by 27.8% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,091 shares of the company’s stock valued at $53,000 after purchasing an additional 237 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Celsius by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 18,459 shares of the company’s stock valued at $1,061,000 after purchasing an additional 238 shares during the period. Signaturefd LLC lifted its stake in shares of Celsius by 6.2% in the 4th quarter. Signaturefd LLC now owns 4,170 shares of the company’s stock valued at $191,000 after purchasing an additional 245 shares during the period. Finally, MGB Wealth Management LLC lifted its stake in shares of Celsius by 3.8% in the 3rd quarter. MGB Wealth Management LLC now owns 6,900 shares of the company’s stock valued at $397,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.
About Celsius
Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.
In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.
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