Celsius (NASDAQ:CELH) Stock Price Down 4.1% - Here's What Happened

Shares of Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) dropped 4.1% on Tuesday . The company traded as low as $34.88 and last traded at $34.47. Approximately 287,898 shares traded hands during trading, a decline of 96% from the average daily volume of 7,769,704 shares. The stock had previously closed at $35.93.

Analyst Ratings Changes

A number of research firms recently weighed in on CELH. Stifel Nicolaus reduced their price objective on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Needham & Company LLC increased their target price on shares of Celsius from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. TD Cowen downgraded Celsius from a "buy" rating to a "hold" rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. B. Riley reiterated a "buy" rating and set a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Finally, Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and increased their price target for the company from $35.00 to $45.00 in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.47.

Celsius Price Performance

The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 79.24, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. The stock's fifty day moving average price is $32.59 and its 200-day moving average price is $29.50.

Celsius (NASDAQ:CELH - Get Free Report) last issued 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. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million during the quarter, compared to analysts' expectations of $326.07 million. As a group, equities research analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in shares of Celsius in the 1st quarter worth $32,000. HM Payson & Co. lifted its holdings 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 buying an additional 550 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased 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 period. S.A. Mason LLC grew its holdings in shares of Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after purchasing an additional 700 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after buying an additional 844 shares during the last quarter. 60.95% of the stock is owned by 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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