Celsius (NASDAQ:CELH) Shares Gap Up - Should You Buy?

Key Points

• Celsius Holdings Inc. (NASDAQ:CELH) shares saw a significant gap up in trading, opening at $58.66, an increase from the previous close of $56.90.
• The company received positive feedback from analysts, with price target increases from Needham & Company to $70.00 and Piper Sandler to $69.00, among others, resulting in a consensus target price of $62.40.
• In its latest quarterly earnings, Celsius reported $0.47 earnings per share and $739.30 million in revenue, significantly exceeding analyst expectations and indicating an 83.9% year-over-year revenue growth.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $56.90, but opened at $58.66. Celsius shares last traded at $57.85, with a volume of 1,121,391 shares traded.

Analysts Set New Price Targets

CELH has been the subject of a number of analyst reports. Needham & Company LLC increased their target price on shares of Celsius from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Stephens reissued an "overweight" rating on shares of Celsius in a research report on Monday, August 11th. Piper Sandler increased their target price on shares of Celsius from $60.00 to $69.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Maxim Group increased their target price on shares of Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Citigroup reissued a "buy" rating on shares of Celsius in a research report on Sunday, August 31st. Nineteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.40.

Celsius Price Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 155.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. The stock's 50 day simple moving average is $54.35 and its 200-day simple moving average is $44.34.

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

Insider Transactions at Celsius

In other news, insider Paul H. Storey sold 7,500 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at $2,287,921.50. This represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction on Thursday, August 7th. The stock was 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. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,667 shares of company stock valued at $27,240,162. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Celsius

A number of hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in Celsius by 3.4% during the second quarter. Alliancebernstein L.P. now owns 18,662,921 shares of the company's stock worth $865,773,000 after buying an additional 617,743 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Celsius by 20.9% during the second quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company's stock worth $114,587,000 after buying an additional 426,623 shares in the last quarter. Invesco Ltd. boosted its holdings in Celsius by 1.8% during the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company's stock worth $85,303,000 after buying an additional 42,997 shares in the last quarter. Holocene Advisors LP boosted its holdings in 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 buying an additional 1,193,707 shares in the last quarter. Finally, MIG Capital LLC boosted its holdings in Celsius by 42.7% during the first quarter. MIG Capital LLC now owns 1,575,939 shares of the company's stock worth $56,135,000 after buying an additional 471,287 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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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