Celsius (NASDAQ:CELH) Director Damon Desantis Buys 16,000 Shares

Celsius Holdings Inc. (NASDAQ:CELH) Director Damon Desantis acquired 16,000 shares of Celsius stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of $27.95 per share, for a total transaction of $447,200.00. Following the completion of the purchase, the director directly owned 2,728,187 shares of the company’s stock, valued at $76,252,826.65. This represents a 0.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Damon Desantis also recently made the following trade(s):

• On Monday, September 14th, Damon Desantis bought 20,000 shares of Celsius stock. The shares were acquired at an average cost of $27.65 per share, with a total value of $553,000.00.

Celsius Price Performance

Shares of CELH stock traded down $0.82 on Tuesday, reaching $27.63. The company had a trading volume of 5,762,933 shares, compared to its average volume of 8,087,001. The stock has a market capitalization of $6.99 billion, a PE ratio of 115.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. Celsius Holdings Inc. has a one year low of $23.56 and a one year high of $66.74. The business’s 50-day moving average is $29.86 and its 200 day moving average is $32.96.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The company had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. Equities research analysts forecast that Celsius Holdings Inc. will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in CELH. Norges Bank acquired a new stake in Celsius during the 4th quarter valued at approximately $140,803,000. Westfield Capital Management Co. LP acquired a new position in shares of Celsius in the 4th quarter worth approximately $70,632,000. Bank of New York Mellon Corp acquired a new position in shares of Celsius in the 2nd quarter worth approximately $43,040,000. Clearbridge Investments LLC acquired a new position in shares of Celsius in the 4th quarter worth approximately $45,137,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Celsius in the 4th quarter valued at $29,852,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CELH. BNP Paribas Exane restated an “outperform” rating and issued a $57.00 target price (down from $70.00) on shares of Celsius in a research report on Tuesday, May 26th. Roth Capital reiterated a “buy” rating and issued a $48.00 target price on shares of Celsius in a research report on Friday, August 7th. Morgan Stanley set a $42.00 price target on Celsius and gave the stock an “overweight” rating in a report on Friday, August 7th. Stephens lowered their price objective on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Celsius in a research report on Tuesday, May 19th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.38.

Celsius Company Profile

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.