Celsius (NASDAQ:CELH) Announces Earnings Results

Celsius (NASDAQ:CELH) released its earnings results on Thursday. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14, Zacks reports. The firm had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business’s quarterly revenue was up 172.9% compared to the same quarter last year.

Celsius Stock Performance

Celsius stock traded down $3.54 during midday trading on Friday, reaching $41.52. 23,647,743 shares of the company’s stock were exchanged, compared to its average volume of 7,628,433. The stock’s 50-day simple moving average is $58.50 and its 200 day simple moving average is $49.30. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 112.22, a P/E/G ratio of 1.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius has a 52 week low of $21.10 and a 52 week high of $66.74.

Insider Activity

In other news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief financial officer directly owned 99,227 shares in the company, valued at approximately $6,449,755. The trade was a 4.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul H. Storey sold 7,500 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the sale, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,500 shares of company stock valued at $3,581,975 over the last three months. Insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in Celsius by 244.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after acquiring an additional 794 shares during the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of Celsius during the second quarter worth approximately $244,000. Boothbay Fund Management LLC bought a new position in shares of Celsius during the second quarter worth approximately $285,000. B. Riley Wealth Advisors Inc. acquired a new stake in Celsius during the 2nd quarter worth approximately $298,000. Finally, Brevan Howard Capital Management LP bought a new stake in Celsius in the 2nd quarter valued at $299,000. 60.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CELH shares. Mizuho raised their price target on Celsius from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Truist Financial increased their target price on Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 8th. B. Riley raised their target price on Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Piper Sandler boosted their target price on Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Twenty analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $62.95.

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.