Celsius (NASDAQ:CELH) Trading 7.5% Higher - Time to Buy?

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report)'s share price traded up 7.5% during mid-day trading on Tuesday . The company traded as high as $46.20 and last traded at $46.04. 3,776,766 shares traded hands during trading, a decline of 53% from the average session volume of 8,077,605 shares. The stock had previously closed at $42.83.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Roth Capital reiterated a "buy" rating and set a $52.00 target price (up previously from $46.00) on shares of Celsius in a research report on Thursday. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $55.00 in a research report on Monday, June 16th. Piper Sandler increased their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. UBS Group increased their target price on shares of Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Celsius has an average rating of "Moderate Buy" and a consensus price target of $45.18.

Celsius Stock Performance

The firm's 50-day moving average price is $38.64 and its 200 day moving average price is $32.16. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 141.94, a PEG ratio of 1.63 and a beta of 1.43.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The business had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 130,803 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the completion of the transaction, the chief executive officer now owns 1,038,577 shares in the company, valued at approximately $46,735,965. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Spire Wealth Management grew its holdings in Celsius by 12.0% during the first quarter. Spire Wealth Management now owns 2,677 shares of the company's stock valued at $95,000 after purchasing an additional 287 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Celsius by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock valued at $346,000 after purchasing an additional 301 shares during the period. TD Private Client Wealth LLC grew its holdings in Celsius by 8.8% during the first quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company's stock valued at $145,000 after purchasing an additional 328 shares during the period. GAMMA Investing LLC grew its holdings in Celsius by 19.7% during the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock valued at $73,000 after purchasing an additional 338 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in Celsius by 1.3% during the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company's stock valued at $968,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

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.