Celsius (NASDAQ:CELH) Shares Gap Up – Time to Buy?

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price gapped up prior to trading on Friday . The stock had previously closed at $27.89, but opened at $29.23. Celsius shares last traded at $29.84, with a volume of 2,276,541 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. B. Riley lowered their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. LADENBURG THALM/SH SH cut their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, UBS Group lowered their price target on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.38.

Celsius Stock Performance

The stock has a market capitalization of $6.62 billion, a P/E ratio of 39.13, a PEG ratio of 3.35 and a beta of 1.76. The firm has a fifty day moving average price of $30.01 and a two-hundred day moving average price of $43.56.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after buying an additional 165,329 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after purchasing an additional 104,896 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after purchasing an additional 790,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.