Joyce Russell Sells 4,000 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

Celsius Holdings, Inc. (NASDAQ:CELH) Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Celsius Stock Down 3.1 %

CELH traded down $0.86 during trading on Thursday, reaching $26.63. 5,024,559 shares of the stock traded hands, compared to its average volume of 7,151,777. The stock has a market capitalization of $6.26 billion, a PE ratio of 60.52, a P/E/G ratio of 2.90 and a beta of 1.90. The stock’s 50-day moving average is $25.88 and its 200 day moving average is $29.13. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, equities research analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

CELH has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Needham & Company LLC upped their price target on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Jefferies Financial Group lowered their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Finally, TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Hedge Funds Weigh In On Celsius

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of Celsius in the 4th quarter worth about $219,000. GF Fund Management CO. LTD. purchased a new stake in shares of Celsius during the 4th quarter worth approximately $4,855,000. Sunbelt Securities Inc. boosted its holdings in Celsius by 23.4% in the 4th quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company’s stock worth $118,000 after buying an additional 864 shares during the period. Woodline Partners LP bought a new position in Celsius in the 4th quarter worth approximately $1,684,000. Finally, Two Sigma Advisers LP bought a new position in Celsius in the 4th quarter worth approximately $4,486,000. Institutional investors own 60.95% of the company’s stock.

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.