Celsius Target of Unusually High Options Trading (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of unusually large options trading on Wednesday. Traders acquired 107,663 call options on the stock. This is an increase of approximately 44% compared to the average volume of 74,832 call options.

Celsius Stock Performance

NASDAQ:CELH opened at $26.09 on Thursday. The stock has a fifty day moving average price of $26.13 and a 200-day moving average price of $30.47. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.52 and a beta of 1.78. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $99.62.

Analyst Upgrades and Downgrades

CELH has been the subject of several research analyst reports. Piper Sandler reduced their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Jefferies Financial Group reduced their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, B. Riley reduced their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.56.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors have recently modified their holdings of CELH. HM Payson & Co. lifted its position in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 550 shares during the period. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. S.A. Mason LLC raised its holdings in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after buying an additional 700 shares in the last quarter. Activest Wealth Management acquired a new position in shares of Celsius during the 3rd quarter worth $39,000. Finally, Blue Trust Inc. raised its holdings in shares of Celsius by 69.0% during the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after buying an additional 549 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.