Celsius Holdings, Inc. (NASDAQ:CELH) Insider Sells $262,544.76 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Celsius Price Performance

NASDAQ:CELH opened at $27.49 on Thursday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 2.90 and a beta of 1.90. The stock’s 50 day simple moving average is $25.88 and its two-hundred day simple moving average is $29.13. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $99.62.

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

Analyst Upgrades and Downgrades

CELH has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Roth Mkm reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Finally, Needham & Company LLC boosted their price target on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average target price of $47.78.

Hedge Funds Weigh In On Celsius

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after purchasing an additional 26,801 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after purchasing an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. increased its position in shares of Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Celsius in the 3rd quarter valued at $2,772,000. Institutional investors own 60.95% of the company’s stock.

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.