Celsius (NASDAQ:CELH) Shares Gap Up – What’s Next?

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $22.74, but opened at $24.09. Celsius shares last traded at $25.62, with a volume of 4,966,735 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Roth Mkm lowered their target price on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Tuesday, January 28th. Stifel Nicolaus reduced their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Finally, TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.56.

Celsius Stock Performance

The business’s 50 day moving average price is $26.36 and its two-hundred day moving average price is $30.64. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.78.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

Several institutional investors have recently modified their holdings of CELH. Charles Schwab Investment Management Inc. raised its position in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after acquiring an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Celsius by 85.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after purchasing an additional 26,801 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Celsius by 169.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after purchasing an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. lifted its stake in Celsius by 17.1% during the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in Celsius during the third quarter worth approximately $2,772,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Company Profile

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.