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

Key Points

• Celsius Holdings CFO Jarrod Langhans sold 5,000 shares of the company's stock on October 16th, totaling $325,000, decreasing his ownership by 4.80% to 99,227 shares.
• The company's stock price recently traded at $64.86, up from a fifty-day moving average of $58.54 and a two-hundred-day average of $46.86.
• Celsius reported a net revenue increase of 83.9% year-over-year, with an EPS of $0.47, significantly exceeding analyst expectations of $0.23.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) CFO Jarrod Langhans sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer owned 99,227 shares of the company's stock, valued at $6,449,755. This represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, August 18th, Jarrod Langhans sold 5,000 shares of Celsius stock. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00.
• On Thursday, August 7th, Jarrod Langhans sold 5,000 shares of Celsius stock. The shares were sold at an average price of $51.18, for a total transaction of $255,900.00.

Celsius Price Performance

Shares of NASDAQ CELH traded up $0.57 during mid-day trading on Friday, hitting $64.86. 2,988,696 shares of the stock were exchanged, compared to its average volume of 7,652,584. The stock's fifty day simple moving average is $58.54 and its two-hundred day simple moving average is $46.86. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $66.74. The company has a market cap of $16.73 billion, a P/E ratio of 175.30, a PEG ratio of 1.27 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on CELH. JPMorgan Chase & Co. lifted their target price on Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Bank of America upped their target price on shares of Celsius from $40.00 to $55.00 and gave the company an "underperform" rating in a research report on Wednesday, October 8th. Roth Capital reaffirmed a "buy" rating on shares of Celsius in a research note on Thursday, October 2nd. B. Riley raised their target price on Celsius from $56.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley set a $70.00 price target on Celsius in a research note on Tuesday, September 30th. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $63.15.

Hedge Funds Weigh In On Celsius

A number of large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Celsius by 9,579.6% during the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company's stock worth $38,451,000 after acquiring an additional 820,297 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after purchasing an additional 666 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Celsius during the 2nd quarter worth $835,000. Polianta Ltd bought a new stake in Celsius in the second quarter valued at approximately $1,428,000. Finally, SWS Partners bought a new position in Celsius during the 2nd quarter worth approximately $1,719,000. Institutional investors own 60.95% of the company's stock.

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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