Celsius (NASDAQ:CELH) Reaches New 12-Month High - Here's Why

Key Points

• Celsius Holdings Inc. (NASDAQ:CELH) achieved a new 52-week high of $63.29 during trading, closing at $62.79 with a significant trading volume of 1,850,143 shares.
• Analysts have increased their price targets for Celsius, with ratings from firms like UBS Group and Stifel Nicolaus indicating a consensus target price of $52.28 and a strong "buy" rating.
• The company reported an earnings per share (EPS) of $0.47 for the recent quarter, exceeding estimates, with a year-on-year revenue increase of 83.9%.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $63.29 and last traded at $62.79, with a volume of 1850143 shares trading hands. The stock had previously closed at $59.69.

Analyst Ratings Changes

CELH has been the subject of several recent analyst reports. Citigroup restated a "buy" rating on shares of Celsius in a research note on Sunday. Stifel Nicolaus raised their target price on shares of Celsius from $50.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, August 8th. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and raised their target price for the company from $37.00 to $55.00 in a research note on Monday, June 16th. JPMorgan Chase & Co. raised their target price 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. Finally, Morgan Stanley raised their target price 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. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.61.

Celsius Trading Up 5.3%

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 stock's fifty day simple moving average is $50.13 and its 200-day simple moving average is $40.23. The firm has a market cap of $16.22 billion, a PE ratio of 79.60, a PEG ratio of 1.43 and a beta of 1.33.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $632.13 million. During the same quarter last year, the company posted $0.28 earnings per share. The firm's revenue was up 83.9% compared to the same quarter last year. On average, sell-side analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 143,167 shares of the firm's 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 transaction, the chief executive officer owned 895,410 shares of the company's stock, valued at $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the firm's 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 transaction, the chief financial officer directly owned 104,227 shares of the company's stock, valued at approximately $6,253,620. This trade represents a 4.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,116,141 shares of company stock worth $52,541,605. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently modified their holdings of the business. ProShare Advisors LLC increased its stake in shares of Celsius by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 6,970 shares of the company's stock valued at $323,000 after purchasing an additional 261 shares in the last quarter. Blue Chip Partners LLC lifted its position in shares of Celsius by 2.4% during the 2nd quarter. Blue Chip Partners LLC now owns 11,701 shares of the company's stock valued at $543,000 after buying an additional 271 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Celsius by 1.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 18,221 shares of the company's stock valued at $845,000 after buying an additional 279 shares in the last quarter. Spire Wealth Management lifted its position in shares of Celsius by 12.0% during the 1st quarter. Spire Wealth Management now owns 2,677 shares of the company's stock valued at $95,000 after buying an additional 287 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Celsius by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock valued at $346,000 after buying an additional 301 shares in the last quarter. 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.