Jarrod Langhans Sells 5,000 Shares of Celsius Holdings Inc. (NASDAQ:CELH) Stock

Key Points

• Jarrod Langhans, CFO of Celsius Holdings Inc., sold 5,000 shares of CELH stock on August 7th for a total of $255,900, decreasing his holdings by 4.38% to 109,227 shares.
• Celsius reported quarterly earnings of $0.47 per share, significantly exceeding expectations, with revenue up 83.9% year-over-year to $739.30 million.
• Analysts have increased their price targets for Celsius, with Truist Financial raising theirs from $55 to $65 and an overall average rating of "Moderate Buy" with a target price of $52.28.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) CFO Jarrod Langhans sold 5,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $255,900.00. Following the sale, the chief financial officer owned 109,227 shares in the company, valued at $5,590,237.86. This represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Celsius Stock Performance

Shares of NASDAQ:CELH traded up $0.84 on Friday, reaching $57.51. 591,589 shares of the company's stock were exchanged, compared to its average volume of 8,225,493. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 154.61, a PEG ratio of 1.28 and a beta of 1.40. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $57.45. The business's 50-day moving average is $45.79 and its two-hundred day moving average is $36.88. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. During the same quarter in the prior year, the firm posted $0.28 EPS. Celsius's revenue was up 83.9% compared to the same quarter last year. As a group, equities research analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Hedge Funds Weigh In On Celsius

A number of institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in Celsius in the 1st quarter valued at $32,000. Summit Securities Group LLC acquired a new position in Celsius during the 1st quarter worth about $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company's stock valued at $37,000 after acquiring an additional 738 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after acquiring an additional 844 shares during the period. Institutional investors own 60.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and raised their price target for the stock from $37.00 to $55.00 in a report on Monday, June 16th. Bank of America lifted their price objective on shares of Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a report on Friday, August 8th. Truist Financial lifted their price objective on shares of Celsius from $55.00 to $65.00 and gave the company a "buy" rating in a report on Monday. UBS Group boosted their target price on shares of Celsius from $57.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Maxim Group boosted their target price on shares of Celsius from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.28.

Celsius Company Profile

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.