Celsius Target of Unusually Large Options Trading (NASDAQ:CELH)

Celsius Holdings Inc. (NASDAQ:CELH) was the target of some unusual options trading activity on Thursday. Investors purchased 52,919 call options on the stock. This represents an increase of approximately 70% compared to the average volume of 31,068 call options.

Celsius Trading Down 26.0%

Shares of NASDAQ CELH traded down $15.58 during midday trading on Thursday, reaching $44.34. 20,932,642 shares of the stock were exchanged, compared to its average volume of 7,462,753. The company has a market capitalization of $11.44 billion, a P/E ratio of 118.49, a P/E/G ratio of 1.25 and a beta of 1.34. Celsius has a 52-week low of $21.10 and a 52-week high of $66.74. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $59.22 and a 200-day moving average price of $49.29.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.55). The firm had revenue of $725.11 million for the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company’s revenue was up 172.9% compared to the same quarter last year. Equities research analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In other Celsius news, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the transaction, the insider directly owned 37,550 shares in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief financial officer owned 99,227 shares in the company, valued at $6,449,755. The trade was a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,500 shares of company stock worth $3,581,975 over the last 90 days. 2.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new stake in shares of Celsius in the third quarter worth $27,000. Summit Securities Group LLC bought a new stake in shares of Celsius in the first quarter worth $34,000. Hantz Financial Services Inc. increased its stake in shares of Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after buying an additional 738 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Celsius by 697.3% in the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock worth $52,000 after buying an additional 788 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Celsius by 244.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after buying an additional 794 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of research analyst reports. Roth Capital reissued a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Celsius in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on shares of Celsius from $68.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Stephens reaffirmed an “overweight” rating on shares of Celsius in a research note on Monday, August 11th. Finally, Morgan Stanley set a $70.00 target price on shares of Celsius in a research note on Tuesday, September 30th. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

Celsius Company Profile

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.