Celsius (NASDAQ:CELH) Shares Up 6.9% – Here’s Why

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price shot up 6.9% during mid-day trading on Monday . The company traded as high as $28.63 and last traded at $28.96. 1,763,428 shares traded hands during trading, a decline of 75% from the average session volume of 7,146,795 shares. The stock had previously closed at $27.08.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CELH. JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. Roth Mkm reaffirmed a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Celsius Stock Up 1.5 %

The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 69.02, a P/E/G ratio of 2.90 and a beta of 1.90. The stock has a 50-day moving average price of $25.88 and a 200 day moving average price of $28.77.

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. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. As a group, equities analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Quest Partners LLC lifted its stake in Celsius by 671.1% in the third quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock valued at $684,000 after buying an additional 18,985 shares during the last quarter. Savoir Faire Capital Management L.P. lifted its stake in Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after buying an additional 25,315 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Celsius during the third quarter worth approximately $3,795,000. Moran Wealth Management LLC raised its stake in shares of Celsius by 68.0% during the third quarter. Moran Wealth Management LLC now owns 10,752 shares of the company’s stock worth $337,000 after purchasing an additional 4,353 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of Celsius by 4.7% during the third quarter. King Luther Capital Management Corp now owns 60,927 shares of the company’s stock worth $1,911,000 after purchasing an additional 2,720 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.