Celsius (NASDAQ:CELH) Hits New 1-Year Low at $44.16

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $44.16 and last traded at $44.19, with a volume of 2644564 shares. The stock had previously closed at $46.83.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CELH shares. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Celsius in a report on Tuesday, July 9th. Roth Mkm cut their price objective on shares of Celsius from $87.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Truist Financial began coverage on shares of Celsius in a report on Tuesday, June 25th. They set a “hold” rating and a $60.00 price objective for the company. Jefferies Financial Group cut their price objective on shares of Celsius from $98.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, UBS Group cut their price objective on shares of Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.51.

Celsius Stock Down 4.3 %

The stock has a market capitalization of $10.44 billion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.90. The business’s fifty day moving average is $61.78 and its two-hundred day moving average is $69.88.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. Celsius’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Sell-side analysts expect that Celsius Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Hal Kravitz sold 16,500 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now directly owns 201,282 shares in the company, valued at $18,169,726.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the completion of the sale, the director now directly owns 201,282 shares in the company, valued at $18,169,726.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. Insiders sold a total of 915,481 shares of company stock worth $56,491,739 over the last three months. 2.20% of the stock is owned by insiders.

Institutional Trading of Celsius

Hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new stake in Celsius in the fourth quarter worth about $25,000. FinTrust Capital Advisors LLC purchased a new stake in Celsius in the first quarter worth about $25,000. Tidemark LLC purchased a new stake in Celsius in the fourth quarter worth about $29,000. Heritage Wealth Advisors lifted its stake in Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock worth $30,000 after acquiring an additional 368 shares during the period. Finally, S.A. Mason LLC purchased a new stake in Celsius in the second quarter worth about $30,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.