Celsius (NASDAQ:CELH) Shares Down 6.5% – Here’s What Happened

Celsius Holdings Inc. (NASDAQ:CELH) dropped 6.5% during trading on Tuesday . The company traded as low as $37.86 and last traded at $37.0720. Approximately 1,591,917 shares were traded during trading, a decline of 69% from the average daily volume of 5,159,712 shares. The stock had previously closed at $39.65.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Needham & Company LLC boosted their target price on Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 27th. JPMorgan Chase & Co. increased their price target on Celsius from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. KeyCorp began coverage on shares of Celsius in a research report on Tuesday, December 16th. They issued a “sector weight” rating on the stock. Morgan Stanley restated an “overweight” rating and issued a $64.00 price objective on shares of Celsius in a research note on Tuesday, March 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $65.00 price objective (up from $61.00) on shares of Celsius in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.39.

Celsius Trading Down 3.0%

The company has a market capitalization of $9.23 billion, a P/E ratio of 143.72, a P/E/G ratio of 1.22 and a beta of 0.89. The company has a 50-day simple moving average of $47.86 and a 200 day simple moving average of $49.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.68.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The business had revenue of $721.63 million for the quarter, compared to the consensus estimate of $638.17 million. During the same quarter last year, the company posted ($0.11) earnings per share. Celsius’s quarterly revenue was up 117.2% on a year-over-year basis. Sell-side analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently bought and sold shares of CELH. Harbor Investment Advisory LLC bought a new stake in shares of Celsius in the third quarter valued at about $27,000. Brown Brothers Harriman & Co. raised its holdings in Celsius by 1,020.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Celsius in the 4th quarter valued at approximately $31,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Celsius in the 4th quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Celsius by 697.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock worth $52,000 after acquiring an additional 788 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

About Celsius

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.