Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $41.16, but opened at $43.68. Celsius shares last traded at $43.62, with a volume of 1,964,013 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. LADENBURG THALM/SH SH decreased their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Truist Financial increased their price objective on Celsius from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Stifel Nicolaus started coverage on Celsius in a research report on Thursday. They issued a "buy" rating and a $47.00 target price on the stock. Piper Sandler lifted their target price on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $38.00 price objective on shares of Celsius in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.24.
Read Our Latest Stock Report on Celsius
Celsius Trading Up 5.7%
The business's fifty day simple moving average is $37.45 and its 200 day simple moving average is $31.34. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 98.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.43.
Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same quarter last year, the company posted $0.27 EPS. The firm's quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.
Insider Buying and Selling
In other news, CEO John Fieldly sold 132,171 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the completion of the sale, the chief executive officer now owns 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.55% of the stock is owned by corporate insiders.
Institutional Trading of Celsius
A number of institutional investors have recently made changes to their positions in CELH. HM Payson & Co. boosted its position in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 550 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of Celsius in the first quarter valued at $32,000. Summit Securities Group LLC purchased a new stake in shares of Celsius in the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the last quarter. Finally, Knuff & Co LLC bought a new position in Celsius during the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 60.95% of the company's stock.
About Celsius
(
Get Free Report)
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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