Celsius (NASDAQ:CELH) Shares Gap Down – Here’s Why

Celsius Holdings Inc. (NASDAQ:CELH)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $35.23, but opened at $33.90. Celsius shares last traded at $33.8980, with a volume of 1,261,278 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CELH shares. The Goldman Sachs Group set a $45.00 price target on Celsius in a research report on Monday, August 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Celsius in a research note on Tuesday, May 19th. Stephens decreased their target price on Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Wall Street Zen cut shares of Celsius from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Maxim Group lowered shares of Celsius from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average price target of $50.05.

Celsius Trading Down 0.0%

The company has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $34.31. The company has a market capitalization of $8.35 billion, a PE ratio of 137.42, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm had revenue of $817.93 million during the quarter, compared to analysts’ expectations of $870.08 million. During the same quarter last year, the business earned $0.47 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts anticipate that Celsius Holdings Inc. will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Celsius

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Celsius by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock valued at $826,750,000 after buying an additional 802,743 shares during the last quarter. California State Teachers Retirement System raised its holdings in Celsius by 3,171.1% in the 2nd quarter. California State Teachers Retirement System now owns 5,878,897 shares of the company’s stock valued at $172,134,000 after acquiring an additional 5,699,173 shares during the last quarter. Geode Capital Management LLC lifted its stake in Celsius by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock worth $163,112,000 after purchasing an additional 277,424 shares in the last quarter. Norges Bank acquired a new position in shares of Celsius during the 4th quarter worth approximately $140,803,000. Finally, Ameriprise Financial Inc. grew its position in shares of Celsius by 20.9% in the second quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock valued at $114,587,000 after purchasing an additional 426,623 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.