Celsius Holdings Inc. (NASDAQ:CELH) Major Shareholder Sells $4,750,000.00 in Stock

Key Points

• Major shareholder William H. Milmoe of Celsius Holdings sold 100,000 shares worth $4.75 million, reducing his stake by 0.56% to approximately 17.7 million shares.
• Celsius shares rose by 1.0% to $45.18, with the stock having a twelve-month range between $21.10 and $48.47.
• Analysts have expressed optimism about Celsius, with several firms upgrading their ratings and increasing price targets, indicating a consensus target price of $47.83.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) major shareholder William H. Milmoe sold 100,000 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the transaction, the insider owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Celsius Stock Up 1.0%

Shares of CELH traded up $0.46 during mid-day trading on Monday, hitting $45.18. 4,256,350 shares of the company's stock were exchanged, compared to its average volume of 4,456,545. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $48.47. The firm has a fifty day moving average of $43.50 and a two-hundred day moving average of $35.50. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 141.19, a P/E/G ratio of 1.58 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CELH. Wall Street Zen upgraded shares of Celsius from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Truist Financial upped their price target on shares of Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Needham & Company LLC upped their price target on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and upped their price target for the stock from $37.00 to $55.00 in a research note on Monday, June 16th. Finally, Citigroup began coverage on shares of Celsius in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $47.83.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. lifted its holdings in Celsius by 1,476.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company's stock valued at $37,000 after purchasing an additional 738 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in Celsius in the 1st quarter valued at about $32,000. Summit Securities Group LLC acquired a new stake in Celsius in the 1st quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB increased its position in Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after acquiring an additional 750 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after acquiring an additional 844 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

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.

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