Insider Selling: Celsius (NASDAQ:CELH) Major Shareholder Sells $2,500,000.00 in Stock

Key Points

• William Milmoe, a major shareholder of Celsius Holdings Inc. (NASDAQ:CELH), sold 40,000 shares for a total of $2.5 million, reducing his ownership by 15.31% to 221,245 shares.
• Celsius's stock price recently reached $63.10, with significant investor interest as hedge funds increased their stakes in the company.
• Analysts are optimistic about Celsius, with many upgrading their price targets, resulting in an average target of $63.15 and a consensus rating of "Moderate Buy."

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) major shareholder William Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares of the company's stock, valued at approximately $13,827,812.50. The trade was a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Celsius Price Performance

Shares of NASDAQ CELH traded up $1.24 during mid-day trading on Wednesday, reaching $63.10. The company had a trading volume of 3,586,509 shares, compared to its average volume of 7,682,506. The business's 50-day simple moving average is $57.59 and its 200 day simple moving average is $46.35. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 170.54, a PEG ratio of 1.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $64.81.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm's revenue was up 83.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celsius

Several large investors have recently modified their holdings of the business. CWM LLC grew its stake in Celsius by 41.3% during the third quarter. CWM LLC now owns 29,250 shares of the company's stock valued at $1,682,000 after acquiring an additional 8,552 shares in the last quarter. Pacer Advisors Inc. grew its stake in Celsius by 250.1% during the third quarter. Pacer Advisors Inc. now owns 21,050 shares of the company's stock valued at $1,210,000 after acquiring an additional 15,038 shares in the last quarter. Private Trust Co. NA purchased a new position in Celsius in the 3rd quarter worth approximately $144,000. Friedenthal Financial purchased a new position in Celsius in the 3rd quarter worth approximately $1,036,000. Finally, Vontobel Holding Ltd. grew its stake in Celsius by 9.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 23,308 shares of the company's stock worth $1,340,000 after buying an additional 1,937 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Piper Sandler increased their price objective on shares of Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Stephens restated an "overweight" rating on shares of Celsius in a report on Monday, August 11th. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Stifel Nicolaus raised their price target on shares of Celsius from $56.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Nineteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Celsius has an average rating of "Moderate Buy" and an average price target of $63.15.

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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