Celsius (NASDAQ:CELH) Stock Price Up 6.2% – Here’s Why

Celsius Holdings Inc. (NASDAQ:CELH)’s stock price was up 6.2% during mid-day trading on Monday. The stock traded as high as $29.96 and last traded at $29.9390. Approximately 3,383,402 shares were traded during trading, a decline of 57% from the average daily volume of 7,842,254 shares. The stock had previously closed at $28.19.

Analysts Set New Price Targets

CELH has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and set a $42.00 price objective on shares of Celsius in a research report on Tuesday, October 6th. Stifel Nicolaus set a $37.00 price objective on Celsius in a research note on Friday, August 7th. Needham & Company LLC reduced their target price on Celsius from $55.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Maxim Group cut Celsius from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.76.

Celsius Price Performance

The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average is $29.41 and its two-hundred day moving average is $30.30. The company has a market capitalization of $7.58 billion, a P/E ratio of 124.83, a price-to-earnings-growth ratio of 2.11 and a beta of 1.01.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The business had revenue of $817.93 million for the quarter, compared to analysts’ expectations of $870.08 million. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts predict that Celsius Holdings Inc. will post 1.42 earnings per share for the current year.

Insiders Place Their Bets

In other Celsius news, Director Hal Kravitz acquired 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average price of $28.00 per share, with a total value of $336,000.00. Following the completion of the purchase, the director owned 239,158 shares of the company’s stock, valued at approximately $6,696,424. This represents a 5.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Damon DeSantis purchased 16,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of $27.95 per share, with a total value of $447,200.00. Following the transaction, the director owned 2,728,187 shares in the company, valued at approximately $76,252,826.65. The trade was a 0.59% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 66,000 shares of company stock worth $1,830,120 in the last three months. 2.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ranger Investment Management L.P. bought a new stake in Celsius in the second quarter worth $13,629,000. Maven Securities LTD purchased a new stake in Celsius during the second quarter valued at $1,192,000. Fifth Third Bancorp raised its stake in Celsius by 4,648.1% during the first quarter. Fifth Third Bancorp now owns 92,873 shares of the company’s stock valued at $3,295,000 after purchasing an additional 90,917 shares in the last quarter. Sovran Advisors LLC bought a new position in Celsius during the first quarter valued at $1,895,000. Finally, Wealth High Governance Asset Management Ltda. lifted its position in Celsius by 89.8% during the first quarter. Wealth High Governance Asset Management Ltda. now owns 209,246 shares of the company’s stock valued at $7,424,000 after purchasing an additional 98,984 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.

Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.