Deborah Desantis Sells 100,000 Shares of Celsius Holdings Inc. (NASDAQ:CELH) Stock

Key Points

• Deborah Desantis, a major shareholder of Celsius Holdings Inc., sold 100,000 shares at an average price of $47.50, totaling $4.75 million, which reduced her holdings by 0.56% to approximately 17.7 million shares.
• Celsius reported Q1 earnings of $0.18 per share, missing estimates, with a revenue of $329.28 million, down 7.4% from the previous year.
• Equities analysts have a consensus rating of "Moderate Buy" for Celsius, with target prices ranging from $45.00 to $55.00, as several firms have raised their price expectations recently.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction 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 transaction, the insider owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Deborah Desantis also recently made the following trade(s):

• On Monday, July 28th, Deborah Desantis sold 100,000 shares of Celsius stock. The shares were sold at an average price of $47.00, for a total value of $4,700,000.00.

Celsius Stock Performance

CELH stock traded up $0.46 during midday trading on Monday, reaching $45.18. 4,256,350 shares of the company's stock traded hands, compared to its average volume of 8,118,115. The company has a 50-day moving average price of $43.50 and a two-hundred day moving average price of $35.50. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $48.47. The firm has a market capitalization of $11.64 billion, a PE ratio of 141.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. American Assets Inc. purchased a new position in Celsius in the 4th quarter worth approximately $1,054,000. LPL Financial LLC lifted its stake in Celsius by 10.4% in the 4th quarter. LPL Financial LLC now owns 318,061 shares of the company's stock worth $8,378,000 after purchasing an additional 29,879 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Celsius by 7.0% during the 4th quarter. Franklin Resources Inc. now owns 873,980 shares of the company's stock valued at $23,021,000 after buying an additional 57,219 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in Celsius in the 4th quarter worth about $3,686,000. Finally, Aviva PLC increased its position in shares of Celsius by 17.4% during the fourth quarter. Aviva PLC now owns 21,530 shares of the company's stock worth $567,000 after acquiring an additional 3,187 shares during the period. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Roth Capital reaffirmed a "buy" rating and issued a $52.00 target price (up previously from $46.00) on shares of Celsius in a research report on Thursday, June 26th. Stifel Nicolaus increased their price target on Celsius from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. B. Riley increased their price target on Celsius from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Piper Sandler increased their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Truist Financial increased their price target on Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Celsius has an average rating of "Moderate Buy" and a consensus target price of $47.83.

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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