Celsius Holdings, Inc. (NASDAQ:CELH) Insider Paul H. Storey Sells 1,833 Shares

Celsius Holdings, Inc. (NASDAQ:CELH) insider Paul H. Storey sold 1,833 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total value of $138,263.19. Following the transaction, the insider now directly owns 41,044 shares in the company, valued at $3,095,948.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Celsius Stock Up 6.2 %

Shares of NASDAQ:CELH traded up $5.07 during midday trading on Friday, reaching $87.14. 1,634,446 shares of the company traded hands, compared to its average volume of 4,794,579. Celsius Holdings, Inc. has a 12 month low of $40.87 and a 12 month high of $99.62. The firm’s fifty day moving average price is $81.43 and its two-hundred day moving average price is $66.08. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 106.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.93.

Celsius (NASDAQ:CELH) last posted 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 during the quarter, compared to analysts’ expectations of $390.37 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s revenue was up 36.9% on a year-over-year basis. Analysts forecast that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently made changes to their positions in CELH. Vanguard Group Inc. raised its holdings in shares of Celsius by 183.6% during the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after buying an additional 8,899,873 shares in the last quarter. Wellington Management Group LLP lifted its stake in Celsius by 212.2% in the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after purchasing an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Celsius by 424.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after buying an additional 2,261,046 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after buying an additional 1,934,400 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Celsius in the 4th quarter valued at about $101,116,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Piper Sandler increased their target price on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Stifel Nicolaus cut their price objective on shares of Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Morgan Stanley restated an “equal weight” rating and set a $75.00 price target on shares of Celsius in a report on Wednesday, March 27th. Roth Mkm increased their price objective on shares of Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Maxim Group upped their target price on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.