Insider Buying: Celsius (NASDAQ:CELH) Director Buys 20,000 Shares of Stock

Key Points

• Insider buying: Celsius director Damon Desantis bought 20,000 shares at an average of $27.65, investing $553,000 and increasing his position by 0.74%. He also purchased 16,000 additional shares the following day.
• Stock performance and results: CELH shares fell 2.9% to $27.63, while the company’s latest quarterly earnings and revenue came in below analyst expectations despite 10.6% year-over-year revenue growth.
• Analyst outlook: Celsius has a consensus “Moderate Buy” rating and an average price target of $43.38, although analyst views range from “strong sell” to “buy.” Institutional investors and hedge funds own approximately 60.95% of the stock.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) Director Damon Desantis acquired 20,000 shares of Celsius stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $27.65 per share, for a total transaction of $553,000.00. Following the transaction, the director owned 2,712,187 shares of the company's stock, valued at $74,991,970.55. This represents a 0.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, September 15th, Damon Desantis bought 16,000 shares of Celsius stock. The stock was bought at an average price of $27.95 per share, with a total value of $447,200.00.

Celsius Trading Down 2.9%

Shares of CELH traded down $0.82 during midday trading on Tuesday, reaching $27.63. The company had a trading volume of 5,762,933 shares, compared to its average volume of 8,087,001. Celsius Holdings Inc. has a 1-year low of $23.56 and a 1-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 firm has a 50 day simple moving average of $29.86 and a 200-day simple moving average of $32.96. The stock has a market cap of $6.99 billion, a PE ratio of 115.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share 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 for the quarter, compared to analyst estimates 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. Research analysts forecast that Celsius Holdings Inc. will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Celsius

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Celsius by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company's stock valued at $163,112,000 after acquiring an additional 277,424 shares during the last quarter. Norges Bank acquired a new stake in shares of Celsius during the 4th quarter worth about $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 purchased a new position in Celsius in the fourth quarter valued at approximately $70,632,000. Finally, Jennison Associates LLC raised its holdings in Celsius by 2.4% during the first quarter. Jennison Associates LLC now owns 1,298,521 shares of the company's stock worth $46,072,000 after purchasing an additional 30,327 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CELH has been the topic of several analyst reports. Roth Capital reaffirmed a "buy" rating and set a $48.00 price target on shares of Celsius in a research report on Friday, August 7th. The Goldman Sachs Group set a $45.00 price objective on Celsius in a research report on Monday, August 10th. Needham & Company LLC cut their target price on Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Jefferies Financial Group restated a "buy" rating on shares of Celsius in a research report on Tuesday, May 19th. Finally, Zacks Research lowered Celsius from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Fourteen investment 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.38.

Celsius Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.