Celsius (NASDAQ:CELH) Trading Down 0.4% – Here’s What Happened

Celsius Holdings, Inc. (NASDAQ:CELH) shares fell 0.4% during mid-day trading on Tuesday . The stock traded as low as $25.34 and last traded at $25.69. 1,067,268 shares were traded during mid-day trading, a decline of 82% from the average session volume of 6,012,345 shares. The stock had previously closed at $25.79.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CELH. Roth Mkm dropped their price target on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. TD Cowen dropped their price target on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial upped their target price on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. UBS Group lowered their target price on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average price target of $54.40.

Celsius Price Performance

The company has a fifty day moving average of $31.05 and a 200-day moving average of $48.48. The firm has a market cap of $6.51 billion, a P/E ratio of 38.49, a P/E/G ratio of 3.13 and a beta of 1.86.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. State Street Corp grew its stake in Celsius by 3.2% in the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after purchasing an additional 165,329 shares during the period. Capital International Investors grew its stake in Celsius by 50.6% in the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after purchasing an additional 1,333,217 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares during the period. Geode Capital Management LLC grew its stake in shares of Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after acquiring an additional 104,896 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Celsius by 36.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after acquiring an additional 790,014 shares during the period. Institutional investors own 60.95% of the company’s stock.

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.