Celsius (NASDAQ:CELH) Director Purchases $452,400.00 in Stock

Celsius Holdings Inc. (NASDAQ:CELH) Director Hal Kravitz purchased 10,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of $45.24 per share, with a total value of $452,400.00. Following the purchase, the director owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Celsius Stock Up 1.4%

Shares of NASDAQ CELH opened at $41.20 on Thursday. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $66.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The business has a fifty day moving average of $55.89 and a two-hundred day moving average of $49.76. The stock has a market cap of $10.62 billion, a PE ratio of 111.35, a PEG ratio of 1.25 and a beta of 1.34.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company’s revenue for the quarter was up 172.9% compared to the same quarter last year. As a group, equities research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CELH. Jefferies Financial Group set a $72.00 price target on Celsius and gave the company a “buy” rating in a report on Wednesday, September 3rd. B. Riley raised their target price on Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Bank of America cut their price target on Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a report on Friday, November 7th. Stephens reissued an “overweight” rating on shares of Celsius in a report on Monday, August 11th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Twenty research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.95.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Investment Advisory LLC bought a new stake in shares of Celsius in the 3rd quarter valued at about $27,000. Brown Brothers Harriman & Co. grew its holdings in Celsius by 1,020.4% during the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares during the period. Summit Securities Group LLC bought a new position in shares of Celsius during the first quarter worth $34,000. Hantz Financial Services Inc. increased its position in shares of Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after buying an additional 738 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in Celsius by 697.3% during the 3rd 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 period. Institutional investors own 60.95% of the company’s stock.

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.