Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) CEO Sells 132,171 Shares of Stock

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the sale, the chief executive officer now directly owns 1,169,380 shares in the company, valued at approximately $50,353,502.80. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Celsius Stock Down 2.0%

CELH stock traded down $0.82 during trading on Friday, hitting $41.16. 4,953,580 shares of the company's stock traded hands, compared to its average volume of 8,084,981. The firm has a market capitalization of $10.61 billion, a P/E ratio of 93.55, a PEG ratio of 2.90 and a beta of 1.43. The business has a fifty day simple moving average of $37.45 and a two-hundred day simple moving average of $31.32. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $64.19.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results 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 return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. During the same period in the prior year, the firm posted $0.27 earnings per share. Celsius's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Celsius

Institutional investors and hedge funds have recently bought and sold shares of the company. HM Payson & Co. lifted its stake in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after buying an additional 550 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Celsius during the first quarter worth $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius during the first quarter worth $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after buying an additional 750 shares during the period. Finally, Knuff & Co LLC acquired a new stake in shares of Celsius during the fourth quarter worth $50,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. LADENBURG THALM/SH SH dropped their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Needham & Company LLC reiterated a "buy" rating and set a $47.00 target price on shares of Celsius in a research note on Thursday, May 29th. B. Riley reiterated a "buy" rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus began coverage on Celsius in a research note on Thursday. They issued a "buy" rating and a $47.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.71.

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.