Celsius (NASDAQ:CELH) CFO Jarrod Langhans Sells 5,000 Shares

Key Points

• Celsius CFO Jarrod Langhans sold 5,000 shares at an average price of $60.00, resulting in a total transaction of $300,000, decreasing his ownership by 4.58% to 104,227 shares.
• In the most recent earnings report, Celsius reported earnings per share of $0.47, significantly exceeding the consensus estimate of $0.23, with a year-over-year revenue increase of 83.9%.
• The stock has a market capitalization of $15.60 billion and currently holds an average analyst rating of "Moderate Buy" with a target price of $52.28.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) CFO Jarrod Langhans sold 5,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jarrod Langhans also recently made the following trade(s):

• On Thursday, August 7th, Jarrod Langhans sold 5,000 shares of Celsius stock. The stock was sold at an average price of $51.18, for a total transaction of $255,900.00.

Celsius Price Performance

Shares of Celsius stock traded down $0.73 on Tuesday, hitting $60.47. The company's stock had a trading volume of 7,729,051 shares, compared to its average volume of 8,264,359. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $61.90. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average price of $46.51 and a 200-day moving average price of $37.52. The company has a market capitalization of $15.60 billion, a P/E ratio of 163.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

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

Analyst Ratings Changes

Several research analysts recently weighed in on CELH shares. Wells Fargo & Company boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Piper Sandler boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial boosted their target price on shares of Celsius from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Morgan Stanley upped their price objective on shares of Celsius from $42.00 to $56.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.28.

Hedge Funds Weigh In On Celsius

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. purchased a new position in Celsius in the 1st quarter worth approximately $32,000. Summit Securities Group LLC purchased a new position in Celsius in the 1st quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after acquiring an additional 750 shares during the period. Hantz Financial Services Inc. boosted its holdings in Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company's stock worth $37,000 after acquiring an additional 738 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after acquiring an additional 844 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

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.

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