Insider Buying: Celsius (NASDAQ:CELH) CEO Acquires 18,000 Shares

Key Points

• CEO John Fieldly bought 18,000 Celsius shares at an average price of $27.44, investing $493,920 and increasing his ownership by 1.92% to 956,063 shares.
• Celsius shares fell to $26.63, near the lower end of their 52-week range. The company’s latest quarter missed analyst expectations, reporting $0.36 in EPS versus $0.41 expected and revenue of $817.93 million versus $870.08 million estimated, despite 10.6% year-over-year revenue growth.
• Institutional investors own 60.95% of Celsius, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $43.38; however, several firms recently lowered their targets and one downgraded the stock to “sell.”

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) CEO John Fieldly acquired 18,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the transaction, the chief executive officer owned 956,063 shares in the company, valued at $26,234,368.72. The trade was a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Celsius Stock Performance

NASDAQ CELH traded down $1.01 on Thursday, hitting $26.63. The stock had a trading volume of 8,961,332 shares, compared to its average volume of 8,091,954. Celsius Holdings Inc. has a one year low of $23.56 and a one year high of $66.74. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 110.96, a P/E/G ratio of 2.05 and a beta of 0.93. The company's 50-day moving average is $30.20 and its two-hundred day moving average is $33.43.

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

Hedge Funds Weigh In On Celsius

Several hedge funds have recently modified their holdings of CELH. California State Teachers Retirement System lifted its holdings in shares of Celsius by 3,171.1% in the second quarter. California State Teachers Retirement System now owns 5,878,897 shares of the company's stock valued at $172,134,000 after buying an additional 5,699,173 shares during the period. Norges Bank acquired a new position in Celsius during the fourth quarter worth about $140,803,000. Westfield Capital Management Co. LP acquired a new position in Celsius during the fourth quarter worth about $70,632,000. Bank of New York Mellon Corp bought a new stake in Celsius in the second quarter worth about $43,040,000. Finally, Scopus Asset Management L.P. bought a new stake in Celsius in the second quarter worth about $59,382,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CELH. Needham & Company LLC reduced their price target on Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Wall Street Zen cut shares of Celsius from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Stifel Nicolaus set a $37.00 price objective on shares of Celsius in a research note on Friday, August 7th. Bank of America reduced their price objective on shares of Celsius from $55.00 to $45.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $36.00 target price on shares of Celsius in a research report on Monday, August 24th. Fifteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and an average target price of $43.38.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company's flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.

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