John Fieldly Sells 143,167 Shares of Celsius Holdings Inc. (NASDAQ:CELH) Stock

Key Points

• Celsius Holdings Inc. CEO John Fieldly sold 143,167 shares valued at over $7.3 million, decreasing his ownership by 13.78% to approximately 895,410 shares.
• The company reported earnings of $0.47 per share for the latest quarter, exceeding analysts' expectations by $0.24, with revenue rising by 83.9% year-over-year to $739.3 million.
• Despite a recent 30% drop in stock price, analysts maintain a "Moderate Buy" rating, with multiple firms adjusting price targets upward, reflecting cautious optimism about the company’s future.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the sale, the chief executive officer directly owned 895,410 shares of the company's stock, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Fieldly also recently made the following trade(s):

• On Tuesday, June 24th, John Fieldly sold 130,803 shares of Celsius stock. The shares were sold at an average price of $45.00, for a total value of $5,886,135.00.
• On Tuesday, June 10th, John Fieldly sold 132,171 shares of Celsius stock. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26.

Celsius Trading Up 2.2%

Shares of NASDAQ CELH traded up $1.18 during midday trading on Tuesday, reaching $55.18. 3,708,323 shares of the stock were exchanged, compared to its average volume of 8,271,437. The business has a 50-day simple moving average of $44.83 and a two-hundred day simple moving average of $36.40. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 148.91, a P/E/G ratio of 1.80 and a beta of 1.40. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $55.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million for the quarter, compared to analysts' expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm's revenue was up 83.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Stephens reissued an "overweight" rating on shares of Celsius in a report on Monday. Piper Sandler upped their target price on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Roth Capital reissued a "buy" rating and issued a $52.00 price objective (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Finally, Citigroup reiterated a "buy" rating and set a $60.00 price objective (up previously from $55.00) on shares of Celsius in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $52.28.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CELH. Alliancebernstein L.P. increased its stake in Celsius by 26.3% in the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after buying an additional 3,753,055 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Celsius during the 4th quarter worth about $85,068,000. Alyeska Investment Group L.P. increased its stake in shares of Celsius by 60.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock worth $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. FMR LLC boosted its holdings in shares of Celsius by 64.2% during the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock worth $106,813,000 after buying an additional 1,585,839 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Celsius during the 1st quarter worth about $39,412,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.