Celsius (NASDAQ:CELH) Stock Price Up 7.6% After Earnings Beat

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) rose 7.6% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $4.08 and last traded at $3.98, approximately 666,381 shares were traded during mid-day trading. An increase of 458% from the average daily volume of 119,490 shares. The stock had previously closed at $3.70.

The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Celsius had a net margin of 8.41% and a negative return on equity of 39.40%. The firm had revenue of $20.42 million during the quarter, compared to analyst estimates of $18.29 million.

CELH has been the subject of several recent analyst reports. ValuEngine lowered shares of Celsius from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Maxim Group set a $8.00 price objective on shares of Celsius and gave the stock a “buy” rating in a report on Wednesday, September 18th. Zacks Investment Research raised shares of Celsius from a “sell” rating to a “hold” rating in a report on Friday. Finally, B. Riley set a $10.00 price objective on shares of Celsius and gave the stock a “buy” rating in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $7.75.

In other news, Director William H. Milmoe acquired 555,555 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $3.60 per share, with a total value of $1,999,998.00. Also, major shareholder Carl Desantis acquired 500,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of $3.60 per share, with a total value of $1,800,000.00. Company insiders own 38.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CELH. Anchor Capital Advisors LLC increased its holdings in shares of Celsius by 1.9% in the second quarter. Anchor Capital Advisors LLC now owns 244,269 shares of the company’s stock valued at $1,085,000 after purchasing an additional 4,639 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Celsius in the second quarter valued at approximately $53,000. GYL Financial Synergies LLC increased its holdings in shares of Celsius by 39.7% in the second quarter. GYL Financial Synergies LLC now owns 139,744 shares of the company’s stock valued at $620,000 after purchasing an additional 39,744 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Celsius by 12.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 62,854 shares of the company’s stock valued at $280,000 after purchasing an additional 7,055 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Celsius by 12.5% in the second quarter. Bank of New York Mellon Corp now owns 66,545 shares of the company’s stock valued at $295,000 after purchasing an additional 7,419 shares in the last quarter. 48.90% of the stock is owned by institutional investors.

The firm has a market cap of $205.24 million, a price-to-earnings ratio of -17.17 and a beta of 0.90. The business’s fifty day moving average is $3.39 and its two-hundred day moving average is $3.98. The company has a quick ratio of 2.35, a current ratio of 3.48 and a debt-to-equity ratio of 0.38.

About Celsius (NASDAQ:CELH)

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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