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

Key Points

• William H. Milmoe, a major shareholder of Celsius Holdings Inc. (NASDAQ:CELH), sold 100,000 shares at an average price of $47.00, totaling $4.7 million, reducing his ownership by 0.56%.
• The company's recent earnings report showed $0.18 earnings per share (EPS) for the quarter, missing estimates, and a revenue of $329.28 million, down 7.4% year-over-year.
• Analysts are generally bullish on Celsius, with 14 buy ratings and a consensus price target of $47.28, reflecting confidence despite past performance challenges.

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 on Monday, July 28th. The stock was sold at an average price of $47.00, for a total value of $4,700,000.00. Following the sale, the insider owned 17,917,770 shares of the company's stock, valued at approximately $842,135,190. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Celsius Price Performance

Shares of Celsius stock traded down $0.62 on Friday, hitting $44.72. 3,920,574 shares of the company's stock traded hands, compared to its average volume of 4,260,283. The company has a fifty day moving average of $43.50 and a two-hundred day moving average of $35.45. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $48.47. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 139.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business 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%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CELH shares. B. Riley increased their target price on Celsius from $49.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Roth Capital reiterated a "buy" rating and issued a $52.00 target price (up from $46.00) on shares of Celsius in a research report on Thursday, June 26th. Truist Financial increased their target price on Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Piper Sandler increased their target price on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Celsius from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Celsius has an average rating of "Moderate Buy" and a consensus price target of $47.83.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently added to or reduced their stakes in CELH. Alliancebernstein L.P. increased its holdings in Celsius by 26.3% in the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock worth $642,769,000 after purchasing an additional 3,753,055 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in Celsius in the fourth quarter worth approximately $85,068,000. Norges Bank bought a new stake in Celsius in the fourth quarter worth approximately $72,579,000. Alyeska Investment Group L.P. increased its holdings in Celsius by 60.5% in the fourth 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 in the last quarter. Finally, FMR LLC increased its holdings in Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock worth $106,813,000 after purchasing an additional 1,585,839 shares in the last quarter. 60.95% of the stock is currently 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.