Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells $25,573,010.58 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the transaction, the insider now owns 23,964,450 shares in the company, valued at approximately $1,429,958,731.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Celsius Trading Up 0.2 %

CELH stock opened at $77.13 on Thursday. The firm has a market cap of $17.82 billion, a P/E ratio of 100.17, a P/E/G ratio of 2.22 and a beta of 1.93. Celsius Holdings, Inc. has a 1-year low of $34.74 and a 1-year high of $99.62. The business’s 50 day moving average is $81.42 and its 200-day moving average is $65.97.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. During the same period in the previous year, the business earned $0.13 EPS. Celsius’s revenue was up 36.9% compared to the same quarter last year. Sell-side analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC grew its position in shares of Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after buying an additional 135 shares during the period. Contravisory Investment Management Inc. acquired a new position in Celsius during the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in Celsius in the fourth quarter valued at approximately $25,000. FinTrust Capital Advisors LLC acquired a new stake in Celsius in the first quarter worth $25,000. Finally, Tidemark LLC bought a new position in shares of Celsius during the fourth quarter worth $29,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on CELH. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Celsius in a research note on Friday, May 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $75.00 price objective on shares of Celsius in a research note on Wednesday, March 27th. Roth Mkm raised their target price on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Stifel Europe increased their price objective on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, UBS Group dropped their target price on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.95.

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.