Celsius (NASDAQ:CELH) Stock Price Down 2.4% - Here's What Happened

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report)'s stock price fell 2.4% during trading on Tuesday . The stock traded as low as $36.00 and last traded at $36.45. 597,996 shares were traded during mid-day trading, a decline of 92% from the average session volume of 7,690,807 shares. The stock had previously closed at $37.34.

Analyst Ratings Changes

CELH has been the topic of several recent research reports. Piper Sandler boosted their price target on Celsius from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group upped their target price on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley reiterated an "equal weight" rating and issued a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Stifel Nicolaus lowered their target price on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Finally, LADENBURG THALM/SH SH cut their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.47.

Celsius Price Performance

The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 84.64, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. The company has a 50-day simple moving average of $30.92 and a two-hundred day simple moving average of $29.26.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to analysts' expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Research analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company's stock, valued at $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Celsius

Institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Celsius in the first quarter valued at $445,000. QRG Capital Management Inc. acquired a new stake in Celsius in the 1st quarter valued at about $206,000. Opal Wealth Advisors LLC bought a new position in shares of Celsius during the 1st quarter valued at about $72,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Celsius by 23.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company's stock worth $796,000 after purchasing an additional 4,210 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after purchasing an additional 666 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.