Celsius (NASDAQ:CELH) Trading Down 6.4% After Insider Selling

Key Points

• Celsius Holdings Inc. (NASDAQ:CELH) shares fell 6.4% following insider selling by Paul H. Storey, who sold 7,500 shares at an average price of $60.93.
• Several analysts have upgraded their price targets for CELH, with Needham & Company and Roth Capital setting new targets at $70.00, maintaining a "buy" rating.
• Celsius reported an EPS of $0.47 for the last quarter, significantly exceeding analysts' expectations, alongside a revenue increase of 83.9% year-over-year.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report)'s share price fell 6.4% on Monday following insider selling activity. The stock traded as low as $54.75 and last traded at $54.65. 6,330,246 shares were traded during trading, a decline of 21% from the average session volume of 8,059,469 shares. The stock had previously closed at $58.37.

Specifically, insider Paul H. Storey sold 7,500 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the transaction, the insider directly owned 37,550 shares in the company, valued at $2,287,921.50. This represents a 16.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Needham & Company LLC increased their price objective on Celsius from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Friday. Roth Capital boosted their price objective on Celsius from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Wells Fargo & Company upped their price objective on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Bank of America upped their target price on Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group set a $72.00 target price on Celsius in a research report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.42.

Celsius Stock Performance

The stock's fifty day simple moving average is $51.32 and its 200-day simple moving average is $41.24. The company has a market capitalization of $14.13 billion, a PE ratio of 147.68, a PEG ratio of 1.32 and a beta of 1.33. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.47 EPS 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 for the quarter, compared to the consensus estimate of $632.13 million. During the same quarter last year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 83.9% compared to the same quarter last year. On average, research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its position in shares of Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company's stock valued at $37,000 after acquiring an additional 738 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Celsius during the 1st quarter worth approximately $32,000. Summit Securities Group LLC acquired a new stake in Celsius in the 1st quarter valued at $34,000. MassMutual Private Wealth & Trust FSB grew its position in Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after purchasing an additional 750 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Celsius by 244.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company's stock worth $52,000 after purchasing an additional 794 shares during the period. Institutional investors own 60.95% of the company's stock.

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.

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