Celsius Holdings Inc. (NASDAQ:CELH) Major Shareholder Sells $4,700,000.00 in Stock

Key Points

• Deborah Desantis, a major shareholder of Celsius Holdings Inc., sold 100,000 shares for a total of $4.7 million, reducing her ownership to 17,917,770 shares.
• Celsius's stock is currently trading down 1.9% to $46.54, with a market cap of $12 billion and a P/E ratio of 145.44.
• Analysts have shown optimism for the company, with several raising their price targets, and the stock holds a consensus rating of "Moderate Buy" with a target price of $47.28.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) major shareholder Deborah Desantis sold 100,000 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $47.00, for a total transaction of $4,700,000.00. Following the sale, the insider directly owned 17,917,770 shares in the company, valued at approximately $842,135,190. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Celsius Stock Performance

Celsius stock traded down $0.62 during trading hours on Friday, hitting $44.72. The company had a trading volume of 3,920,574 shares, compared to its average volume of 4,260,283. The firm has a market cap of $11.53 billion, a P/E ratio of 139.75, a P/E/G ratio of 1.60 and a beta of 1.40. The company has a 50-day moving average price of $43.50 and a two-hundred day moving average price of $35.39. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $48.47.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. Celsius's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Needham & Company LLC raised their price objective on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a report on Thursday. Piper Sandler boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group boosted their target price on shares of Celsius from $49.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $55.00 in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CELH. American Assets Inc. bought a new position in Celsius during the 4th quarter worth about $1,054,000. Sei Investments Co. grew its holdings in Celsius by 32.0% during the 4th quarter. Sei Investments Co. now owns 138,923 shares of the company's stock worth $3,659,000 after acquiring an additional 33,665 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Celsius during the 4th quarter worth about $811,000. LPL Financial LLC grew its holdings in Celsius by 10.4% during the 4th quarter. LPL Financial LLC now owns 318,061 shares of the company's stock worth $8,378,000 after acquiring an additional 29,879 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Celsius by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock worth $416,517,000 after acquiring an additional 345,837 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Company Profile

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.