Celsius (NASDAQ:CELH) Sets New 12-Month High - Still a Buy?

Key Points

• Celsius Holdings Inc. shares reached a new 52-week high, trading at $55.87, with analysts showing bullish sentiment by adjusting price targets upwards.
• The company's recent earnings report revealed a significant 83.9% year-over-year revenue growth, with earnings per share surpassing expectations at $0.47.
• Despite insider selling, institutional investors continue to increase their holdings, with 60.95% of the company’s stock now owned by institutional investors and hedge funds.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $55.87 and last traded at $54.72, with a volume of 10569151 shares trading hands. The stock had previously closed at $54.00.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Celsius from $50.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wells Fargo & Company increased their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Stephens reiterated an "overweight" rating on shares of Celsius in a report on Monday. Morgan Stanley increased their price target on Celsius from $42.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Finally, Needham & Company LLC increased their price target on Celsius from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.28.

Celsius Stock Performance

The firm's 50 day moving average price is $45.14 and its 200-day moving average price is $36.53. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 147.89, a P/E/G ratio of 1.65 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. Celsius's quarterly revenue was up 83.9% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares in the company, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Fieldly sold 143,167 shares of the business'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 sale, the chief executive officer owned 895,410 shares in the company, valued at $45,827,083.80. This represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,111,141 shares of company stock worth $52,241,605. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently made changes to their positions in the company. American Assets Inc. bought a new position in shares of Celsius in the fourth quarter valued at about $1,054,000. FMR LLC raised its holdings in shares of Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after buying an additional 1,585,839 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Celsius by 6.5% in the fourth quarter. Cerity Partners LLC now owns 20,003 shares of the company's stock valued at $537,000 after buying an additional 1,226 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Celsius by 70.9% in the fourth quarter. Advisory Services Network LLC now owns 16,707 shares of the company's stock valued at $440,000 after buying an additional 6,933 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Celsius by 38,976.9% in the fourth quarter. Bessemer Group Inc. now owns 50,800 shares of the company's stock valued at $1,338,000 after buying an additional 50,670 shares during 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.

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