Celsius (NASDAQ:CELH) Trading 6.4% Higher – Here’s What Happened

Celsius Holdings Inc. (NASDAQ:CELH)’s share price traded up 6.4% on Tuesday . The stock traded as high as $29.78 and last traded at $29.8010. 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America dropped their price objective on Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Roth Capital reissued a “buy” rating and set a $48.00 price objective on shares of Celsius in a research report on Friday, August 7th. Morgan Stanley set a $42.00 price target on shares of Celsius and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Celsius from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings downgraded shares of Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.38.

Celsius Stock Down 0.7%

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $29.57 and a 200-day simple moving average of $31.94. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 121.58, a price-to-earnings-growth ratio of 2.06 and a beta of 0.93.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, August 6th. The company reported $0.36 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 firm had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, sell-side analysts forecast that Celsius Holdings Inc. will post 1.43 EPS for the current fiscal year.

Insider Transactions at Celsius

In other news, CEO John Fieldly bought 18,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the purchase, the chief executive officer owned 956,063 shares of the company’s stock, valued at approximately $26,234,368.72. The trade was a 1.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Damon DeSantis bought 16,000 shares of Celsius stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average cost of $27.95 per share, for a total transaction of $447,200.00. Following the completion of the acquisition, the director directly owned 2,728,187 shares in the company, valued at $76,252,826.65. This represents a 0.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 66,000 shares of company stock valued at $1,830,120. Corporate insiders own 2.33% of the company’s stock.

Institutional Trading of Celsius

Several large investors have recently made changes to their positions in CELH. State Street Corp increased its stake in shares of Celsius by 4.5% in the second quarter. State Street Corp now owns 5,253,654 shares of the company’s stock valued at $153,861,000 after buying an additional 227,418 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Celsius by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 126,289 shares of the company’s stock worth $3,698,000 after buying an additional 7,010 shares in the last quarter. Tidal Investments LLC lifted its position in Celsius by 10.4% during the 2nd quarter. Tidal Investments LLC now owns 8,640 shares of the company’s stock worth $253,000 after buying an additional 812 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Celsius during the 2nd quarter worth about $744,000. Finally, Engineers Gate Manager LP grew its holdings in Celsius by 470.8% during the 2nd quarter. Engineers Gate Manager LP now owns 87,492 shares of the company’s stock worth $2,562,000 after acquiring an additional 72,163 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

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.