Celsius (NASDAQ:CELH) Shares Down 5.4% - Time to Sell?

Key Points

• Celsius Holdings Inc. (NASDAQ:CELH) experienced a **5.4% drop** in stock price, trading down to **$51.77**, with a significant decline in volume compared to its daily average.
• Several analysts recently raised their price targets for Celsius, with Mizuho setting a new target of **$90.00** and the consensus rating at **"Moderate Buy"** with an average price target of **$61.95**.
• Insider trading saw CEO John Fieldly sell **143,167 shares** valued at over **$7 million**, decreasing his ownership by **13.78%**, which raises questions about insider confidence in the company's stock.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) traded down 5.4% during mid-day trading on Monday . The stock traded as low as $51.69 and last traded at $51.77. 3,622,788 shares traded hands during trading, a decline of 54% from the average session volume of 7,894,775 shares. The stock had previously closed at $54.73.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. B. Riley upped their target price on shares of Celsius from $56.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. UBS Group upped their target price on shares of Celsius from $64.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Truist Financial increased their price objective on shares of Celsius from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Bank of America increased their price objective on shares of Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a report on Friday, August 8th. Finally, Stephens reiterated an "overweight" rating on shares of Celsius in a research report on Monday, August 11th. Eighteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.95.

Celsius Price Performance

The business's fifty day moving average price is $53.48 and its 200 day moving average price is $43.43. The stock has a market cap of $13.19 billion, a P/E ratio of 137.86, a PEG ratio of 1.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

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

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the sale, the insider owned 37,550 shares in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider owned 17,717,770 shares of the company's stock, valued at $841,594,075. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 860,667 shares of company stock worth $41,421,162. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. raised its stake in shares of Celsius by 77.8% in the second quarter. Osaic Holdings Inc. now owns 150,687 shares of the company's stock worth $6,990,000 after buying an additional 65,957 shares during the period. Orion Porfolio Solutions LLC purchased a new stake in shares of Celsius in the 2nd quarter worth $244,000. Thrivent Financial for Lutherans increased its position in Celsius by 12.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 41,630 shares of the company's stock valued at $1,931,000 after buying an additional 4,709 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Celsius in the second quarter valued at about $298,000. Finally, Marex Group plc acquired a new stake in Celsius during the second quarter worth about $425,000. 60.95% of the stock is owned by institutional investors.

Celsius Company Profile

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.