Celsius (NASDAQ:CELH) Stock Price Down 3.6%

Celsius Holdings, Inc. (NASDAQ:CELH) shares were down 3.6% during trading on Tuesday . The stock traded as low as $53.80 and last traded at $54.03. Approximately 772,116 shares were traded during trading, a decline of 84% from the average daily volume of 4,938,344 shares. The stock had previously closed at $56.06.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CELH shares. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective on shares of Celsius in a research note on Tuesday. UBS Group dropped their target price on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. BNP Paribas began coverage on shares of Celsius in a report on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price on the stock. TD Cowen dropped their target price on shares of Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Finally, Wedbush dropped their price objective on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $81.82.

Celsius Stock Down 0.2 %

The stock’s fifty day moving average price is $73.22 and its two-hundred day moving average price is $70.62. The company has a market capitalization of $13.03 billion, a PE ratio of 61.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. The business had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. Celsius’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. On average, equities research analysts forecast that Celsius Holdings, Inc. will post 1.07 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the transaction, the insider now owns 226,245 shares in the company, valued at approximately $21,029,472.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the sale, the director now directly owns 201,282 shares in the company, valued at approximately $18,169,726.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,776,696 shares of company stock valued at $107,920,209. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several hedge funds have recently added to or reduced their stakes in CELH. First Trust Advisors LP lifted its position in shares of Celsius by 123.5% in the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after purchasing an additional 324,049 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Celsius in the 4th quarter worth approximately $242,000. Coldstream Capital Management Inc. lifted its position in shares of Celsius by 190.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after purchasing an additional 2,589 shares during the period. Moody National Bank Trust Division purchased a new stake in Celsius during the fourth quarter valued at approximately $917,000. Finally, Dimensional Fund Advisors LP lifted its position in Celsius by 215.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock valued at $26,577,000 after acquiring an additional 332,980 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.