Celsius Holdings, Inc. (NASDAQ:CELH) Director Joyce Russell Sells 4,000 Shares of Stock

Celsius Holdings, Inc. (NASDAQ:CELH) Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Celsius Price Performance

Celsius stock opened at $26.63 on Friday. The stock’s fifty day moving average is $25.87 and its two-hundred day moving average is $29.11. The stock has a market cap of $6.26 billion, a PE ratio of 60.52, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. On average, research analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on CELH shares. Piper Sandler lowered their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group dropped their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. B. Riley restated a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.78.

Institutional Investors Weigh In On Celsius

Several large investors have recently modified their holdings of CELH. Heck Capital Advisors LLC purchased a new stake in Celsius in the 4th quarter valued at $219,000. GF Fund Management CO. LTD. purchased a new position in shares of Celsius in the 4th quarter valued at about $4,855,000. Sunbelt Securities Inc. increased its holdings in Celsius by 23.4% in the fourth quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company’s stock valued at $118,000 after buying an additional 864 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Celsius in the fourth quarter valued at $1,684,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Celsius in the fourth quarter valued at about $4,486,000. 60.95% of the stock is owned by institutional investors and hedge funds.

About Celsius

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.