Celsius (NASDAQ:CELH) Shares Gap Down to $57.22

Celsius Holdings, Inc. (NASDAQ:CELHGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $57.22, but opened at $54.94. Celsius shares last traded at $56.25, with a volume of 808,755 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $68.00 price target on shares of Celsius in a report on Tuesday. Wedbush decreased their price objective on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. UBS Group decreased their price objective on shares of Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Bank of America raised their price objective on shares of Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 29th. Finally, Maxim Group decreased their price objective on shares of Celsius from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $81.82.

Get Our Latest Research Report on CELH

Celsius Stock Performance

The company’s fifty day moving average price is $73.22 and its 200 day moving average price is $70.62. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 61.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.90.

Celsius (NASDAQ:CELHGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million for the quarter, compared to the consensus estimate 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 firm posted $0.13 EPS. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 1.07 earnings per share for the current year.

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 1,833 shares of Celsius stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total value of $138,263.19. Following the sale, the insider now directly owns 41,044 shares in the company, valued at approximately $3,095,948.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul H. Storey sold 1,833 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total transaction of $138,263.19. Following the sale, the insider now owns 41,044 shares in the company, valued at $3,095,948.92. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock worth $107,920,209 in the last ninety days. 2.20% of the stock is owned by insiders.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in CELH. Contravisory Investment Management Inc. bought a new stake in shares of Celsius during the 4th quarter worth about $25,000. Transcendent Capital Group LLC bought a new stake in shares of Celsius during the 4th quarter worth about $25,000. FinTrust Capital Advisors LLC acquired a new position in shares of Celsius in the 1st quarter worth approximately $25,000. Tidemark LLC acquired a new position in shares of Celsius in the 4th quarter worth approximately $29,000. Finally, Heritage Wealth Advisors grew its stake in shares of Celsius by 200.0% in the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock worth $30,000 after purchasing an additional 368 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

About Celsius

(Get Free Report)

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.

Further Reading

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