Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) Director Sells $1,111,330.00 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) Director Nicholas Castaldo sold 11,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $101.03, for a total transaction of $1,111,330.00. Following the completion of the transaction, the director now owns 81,626 shares of the company’s stock, valued at approximately $8,246,674.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Celsius Stock Up 1.8 %

Celsius stock opened at $113.38 on Friday. The firm has a market cap of $8.64 billion, a PE ratio of -53.99 and a beta of 1.83. Celsius Holdings, Inc. has a 52-week low of $38.31 and a 52-week high of $118.19. The company’s 50 day moving average is $92.17 and its two-hundred day moving average is $85.86.

Celsius (NASDAQ:CELH – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.85). The business had revenue of $188.23 million for the quarter, compared to analyst estimates of $163.14 million. Celsius had a negative return on equity of 12.52% and a negative net margin of 26.58%. On average, equities research analysts anticipate that Celsius Holdings, Inc. will post -1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently added to or reduced their stakes in CELH. Parkside Financial Bank & Trust increased its position in shares of Celsius by 224.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 311 shares of the company’s stock valued at $28,000 after purchasing an additional 215 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Celsius by 437.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 457 shares of the company’s stock valued at $41,000 after purchasing an additional 372 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Celsius in the 3rd quarter valued at approximately $42,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Celsius in the 2nd quarter valued at approximately $44,000. Finally, Selective Wealth Management Inc. purchased a new stake in shares of Celsius in the 2nd quarter valued at approximately $52,000. 55.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on CELH. Wedbush began coverage on shares of Celsius in a research note on Monday, October 10th. They set a “neutral” rating and a $90.00 target price for the company. B. Riley increased their price target on shares of Celsius from $130.00 to $140.00 in a research note on Thursday, November 10th. TheStreet cut shares of Celsius from a “c” rating to a “d+” rating in a research note on Thursday, November 10th. Credit Suisse Group upped their price objective on shares of Celsius to $85.00 in a report on Tuesday, November 15th. Finally, UBS Group upped their price objective on shares of Celsius from $74.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus price target of $106.14.

Celsius Company Profile

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Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.