Celsius (NASDAQ:CELH) Trading Down 8.3% – Here’s What Happened

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) traded down 8.3% during mid-day trading on Tuesday . The company traded as low as $29.51 and last traded at $28.75. 2,040,548 shares changed hands during trading, a decline of 80% from the average session volume of 10,271,096 shares. The stock had previously closed at $31.37.

Analysts Set New Price Targets

CELH has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. UBS Group reduced their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average price target of $47.78.

Celsius Trading Down 12.0 %

The business’s 50-day simple moving average is $26.02 and its 200-day simple moving average is $30.18. The company has a market capitalization of $6.49 billion, a PE ratio of 63.20, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its position in Celsius by 0.3% during the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after buying an additional 337 shares in the last quarter. Signaturefd LLC increased its stake in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after buying an additional 441 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in Celsius by 14.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock valued at $99,000 after purchasing an additional 459 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.