Celsius (NASDAQ:CELH) Director Damon Desantis Buys 16,000 Shares of Stock

Key Points

• Insider buying: Celsius Director Damon Desantis purchased 16,000 shares for approximately $447,200 at an average price of $27.95, increasing his direct ownership to 2.73 million shares. He also bought 20,000 shares the previous day.
• Stock and earnings: CELH traded at $27.63, well below its 12-month high of $66.74. The company’s latest quarterly revenue rose 10.6% year over year to $817.93 million, but EPS and revenue both missed analyst estimates.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with an average price target of $43.38, although ratings range from “strong sell” to “buy.” Institutional investors own approximately 60.95% of the company.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) Director Damon Desantis purchased 16,000 shares of Celsius stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of $27.95 per share, with a total value of $447,200.00. Following the completion of the purchase, the director directly owned 2,728,187 shares in the company, valued at $76,252,826.65. This trade represents a 0.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, September 14th, Damon Desantis acquired 20,000 shares of Celsius stock. The stock was purchased at an average cost of $27.65 per share, for a total transaction of $553,000.00.

Celsius Stock Performance

CELH stock traded down $0.82 during trading hours on Tuesday, hitting $27.63. 5,762,933 shares of the stock were exchanged, compared to its average volume of 8,087,001. Celsius Holdings Inc. has a 12 month low of $23.56 and a 12 month high of $66.74. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $6.99 billion, a P/E ratio of 115.12, a P/E/G ratio of 1.88 and a beta of 0.93. The company has a 50-day simple moving average of $29.86 and a two-hundred day simple moving average of $32.96.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The business had revenue of $817.93 million during the quarter, compared to the consensus estimate of $870.08 million. During the same period in the previous year, the firm posted $0.47 EPS. The company's revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that Celsius Holdings Inc. will post 1.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Celsius from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Citigroup cut their price target on Celsius from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group set a $45.00 price target on Celsius in a research report on Monday, August 10th. Roth Capital restated a "buy" rating and set a $48.00 price objective on shares of Celsius in a research note on Friday, August 7th. Finally, Morgan Stanley set a $42.00 price objective on Celsius and gave the company an "overweight" rating in a report on Friday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and an average target price of $43.38.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in CELH. Geode Capital Management LLC boosted its position in shares of Celsius by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company's stock worth $163,112,000 after acquiring an additional 277,424 shares in the last quarter. Norges Bank acquired a new position in Celsius during the fourth quarter valued at approximately $140,803,000. BNP Paribas Financial Markets lifted its stake in Celsius by 0.9% during the fourth quarter. BNP Paribas Financial Markets now owns 1,728,735 shares of the company's stock worth $79,072,000 after purchasing an additional 15,565 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in Celsius during the fourth quarter worth $70,632,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Celsius in the 2nd quarter valued at $43,040,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.

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