Celsius (NASDAQ:CELH) Trading Up 6.4% – Here’s Why

Celsius Holdings Inc. (NASDAQ:CELH)’s stock price was up 6.4% on Tuesday . The stock traded as high as $29.78 and last traded at $29.8010. Approximately 1,655,332 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 8,053,427 shares. The stock had previously closed at $28.02.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group set a $45.00 target price on shares of Celsius in a report on Monday, August 10th. Stifel Nicolaus set a $37.00 price objective on Celsius in a research note on Friday, August 7th. JPMorgan Chase & Co. lowered their target price on Celsius from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Wall Street Zen raised Celsius from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $36.00 price objective on shares of Celsius in a research note on Monday, August 24th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.38.

Celsius Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The company has a market cap of $7.45 billion, a P/E ratio of 122.65, a P/E/G ratio of 1.96 and a beta of 0.93. The firm’s fifty day moving average is $29.60 and its two-hundred day moving average is $32.16.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The business had revenue of $817.93 million during the quarter, compared to analysts’ expectations of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. Celsius’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, analysts anticipate that Celsius Holdings Inc. will post 1.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Fieldly bought 18,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $27.44 per share, with a total value of $493,920.00. Following the completion of the acquisition, the chief executive officer owned 956,063 shares of the company’s stock, valued at $26,234,368.72. This represents a 1.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hal Kravitz bought 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of $28.00 per share, with a total value of $336,000.00. Following the completion of the purchase, the director directly owned 239,158 shares of the company’s stock, valued at $6,696,424. This represents a 5.28% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 66,000 shares of company stock valued at $1,830,120. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Celsius during the 4th quarter worth approximately $31,000. Continuum Advisory LLC bought a new position in Celsius in the second quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its stake in Celsius by 16.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,501 shares of the company’s stock worth $69,000 after purchasing an additional 208 shares in the last quarter. Summit Securities Group LLC purchased a new position in Celsius during the 1st quarter worth $56,000. Finally, Cullen Frost Bankers Inc. raised its position in Celsius by 88.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,700 shares of the company’s stock valued at $78,000 after purchasing an additional 799 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.