Celsius (NASDAQ:CELH) Trading 4% Higher - Here's What Happened

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report)'s share price was up 4% during trading on Friday . The company traded as high as $37.85 and last traded at $37.80. Approximately 4,313,618 shares changed hands during trading, a decline of 46% from the average daily volume of 7,974,286 shares. The stock had previously closed at $36.34.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CELH shares. Needham & Company LLC reiterated a "buy" rating and set a $47.00 price objective on shares of Celsius in a research report on Thursday. Stifel Nicolaus reduced their price objective on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. 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 report on Friday, February 21st. LADENBURG THALM/SH SH reduced their price objective on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, UBS Group upped their price objective on Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $47.00.

Celsius Price Performance

The firm has a 50-day moving average of $36.34 and a 200-day moving average of $30.44. The stock has a market cap of $9.70 billion, a PE ratio of 85.55, a PEG ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. Equities analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company's stock, valued at approximately $543,947.82. The trade was a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after buying an additional 3,753,055 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Celsius by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock valued at $416,517,000 after purchasing an additional 345,837 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Celsius by 60.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. FMR LLC lifted its stake in shares of Celsius by 64.2% in the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after purchasing an additional 1,585,839 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in shares of Celsius in the 4th quarter valued at approximately $85,068,000. 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.