Celsius (NASDAQ:CELH) Reaches New 12-Month High - Should You Buy?

Key Points

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Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.38 and last traded at $61.20, with a volume of 9665216 shares. The stock had previously closed at $57.30.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CELH. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and increased their price target for the stock from $37.00 to $55.00 in a research report on Monday, June 16th. Wall Street Zen lowered shares of Celsius from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Roth Capital reissued a "buy" rating and issued a $52.00 price target (up previously from $46.00) on shares of Celsius in a research report on Thursday, June 26th. JPMorgan Chase & Co. increased their price target on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, UBS Group raised their price objective on shares of Celsius from $57.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Celsius has an average rating of "Moderate Buy" and an average price target of $52.28.

Celsius Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The company's 50 day moving average price is $48.07 and its 200 day moving average price is $38.38. The firm has a market capitalization of $15.87 billion, a P/E ratio of 166.27, a PEG ratio of 1.42 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS 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 business had revenue of $739.30 million for the quarter, compared to analysts' expectations of $632.13 million. During the same period in the prior year, the firm earned $0.28 earnings per share. Celsius's revenue was up 83.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares of the company's stock, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction on Monday, August 18th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer directly owned 104,227 shares of the company's stock, valued at $6,253,620. This represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,116,141 shares of company stock valued at $52,541,605 over the last three months. 2.55% of the stock is owned by company insiders.

Institutional Trading of Celsius

A number of institutional investors have recently bought and sold shares of CELH. Alliancebernstein L.P. grew its holdings in Celsius by 26.3% during the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock worth $642,769,000 after acquiring an additional 3,753,055 shares during the period. Alyeska Investment Group L.P. grew its holdings in Celsius by 60.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock worth $181,164,000 after acquiring an additional 2,591,345 shares during the period. Scopus Asset Management L.P. bought a new position in shares of Celsius during the second quarter worth $59,382,000. Ilex Capital Partners UK LLP bought a new position in shares of Celsius during the second quarter worth $55,966,000. Finally, Holocene Advisors LP boosted its position in shares of Celsius by 130.6% during the second quarter. Holocene Advisors LP now owns 2,108,041 shares of the company's stock worth $97,792,000 after purchasing an additional 1,193,707 shares in the last quarter. Institutional investors and hedge funds 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.