Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) major shareholder William H. Milmoe sold 300,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Celsius Trading Up 0.1%
CELH traded up $0.06 on Thursday, reaching $46.43. The company had a trading volume of 2,433,913 shares, compared to its average volume of 8,113,917. The company has a market capitalization of $11.97 billion, a P/E ratio of 145.08, a PEG ratio of 1.64 and a beta of 1.45. The company has a fifty day moving average of $39.53 and a 200-day moving average of $32.68. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $60.70.
Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 8.40% and a return on equity of 42.12%. The company had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. During the same quarter last year, the business earned $0.27 earnings per share. The company's revenue was down 7.4% on a year-over-year basis. Research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.
Institutional Investors Weigh In On Celsius
A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in shares of Celsius by 26.3% during the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the period. Champlain Investment Partners LLC acquired a new position in Celsius during the fourth quarter worth about $85,068,000. Contrarius Group Holdings Ltd bought a new stake in Celsius in the fourth quarter worth about $75,535,000. Norges Bank bought a new stake in Celsius in the fourth quarter worth about $72,579,000. Finally, Alyeska Investment Group L.P. lifted its holdings in Celsius by 60.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after acquiring an additional 2,591,345 shares during 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 research analyst reports. Wall Street Zen raised shares of Celsius from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Truist Financial increased their target price on Celsius from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, June 6th. LADENBURG THALM/SH SH decreased their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Roth Capital restated a "buy" rating and issued a $52.00 price target (up from $46.00) on shares of Celsius in a research report on Thursday, June 26th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $47.00 price target on shares of Celsius in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.18.
Check Out Our Latest Report on Celsius
About Celsius
(
Get Free Report)
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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