Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) major shareholder William H. Milmoe sold 428,568 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the transaction, the insider now owns 25,035,885 shares in the company, valued at approximately $1,493,891,257.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Celsius Stock Performance
Shares of NASDAQ:CELH traded up $1.07 during trading on Wednesday, hitting $72.34. 3,095,165 shares of the stock were exchanged, compared to its average volume of 4,633,219. The company's fifty day simple moving average is $80.12 and its 200-day simple moving average is $65.21. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 92.42, a price-to-earnings-growth ratio of 2.15 and a beta of 1.86. Celsius Holdings, Inc. has a 1-year low of $32.29 and a 1-year high of $99.62.
Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. During the same period last year, the company earned $0.01 earnings per share. The company's revenue was up 95.2% on a year-over-year basis. On average, research analysts forecast that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Celsius
A number of institutional investors and hedge funds have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC grew its position in shares of Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock worth $25,000 after buying an additional 135 shares during the period. Contravisory Investment Management Inc. acquired a new position in Celsius during the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in Celsius in the fourth quarter valued at approximately $25,000. Tidemark LLC bought a new position in shares of Celsius during the fourth quarter worth $29,000. Finally, Heritage Wealth Advisors grew its holdings in shares of Celsius by 200.0% in the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company's stock valued at $30,000 after buying an additional 368 shares during the period. 60.95% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on CELH shares. Piper Sandler increased their price objective on Celsius from $76.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. Jefferies Financial Group lifted their price target on Celsius from $98.00 to $105.00 and gave the company a "buy" rating in a report on Monday, March 18th. Morgan Stanley restated an "equal weight" rating and issued a $75.00 price objective on shares of Celsius in a report on Wednesday, March 27th. Bank of America cut shares of Celsius from a "buy" rating to a "neutral" rating and set a $65.00 target price for the company. in a research note on Friday, January 19th. Finally, Stifel Nicolaus increased their price target on shares of Celsius from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.10.
Read Our Latest Stock Report on CELH
About Celsius
(
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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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