Celsius (NASDAQ:CELH) Shares Down 7.2% – Here’s What Happened

Celsius Holdings Inc. (NASDAQ:CELH) shares were down 7.2% during mid-day trading on Monday . The company traded as low as $29.78 and last traded at $29.98. Approximately 2,553,964 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 6,202,880 shares. The stock had previously closed at $32.29.

Analyst Ratings Changes

A number of research analysts have weighed in on CELH shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $44.00 price objective on shares of Celsius in a research report on Friday. Bank of America raised shares of Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Friday, February 27th. TD Cowen cut their price target on shares of Celsius from $66.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, April 20th. UBS Group reduced their price objective on shares of Celsius from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Needham & Company LLC raised their price objective on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.89.

Celsius Stock Performance

The firm has a market capitalization of $7.57 billion, a P/E ratio of 68.86, a P/E/G ratio of 1.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43. The firm has a 50-day moving average price of $37.26 and a two-hundred day moving average price of $44.41.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.29 by $0.12. The company had revenue of $782.62 million for the quarter, compared to the consensus estimate of $763.08 million. Celsius had a net margin of 5.85% and a return on equity of 37.95%. The firm’s revenue was up 137.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts forecast that Celsius Holdings Inc. will post 1.57 EPS for the current fiscal year.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently modified their holdings of CELH. SBI Securities Co. Ltd. lifted its stake in Celsius by 342.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 150,438 shares of the company’s stock worth $6,881,000 after acquiring an additional 116,414 shares during the period. Vanguard Group Inc. grew its holdings in Celsius by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock worth $826,750,000 after acquiring an additional 802,743 shares in the last quarter. OFI Invest Asset Management purchased a new position in Celsius during the 4th quarter valued at about $22,705,000. Sequoia Financial Advisors LLC bought a new stake in shares of Celsius in the 3rd quarter valued at about $1,619,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Celsius by 68.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 116,682 shares of the company’s stock valued at $6,708,000 after purchasing an additional 47,281 shares in the last quarter. 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.