Investors Buy Large Volume of Call Options on Celsius (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 75,150 call options on the company. This represents an increase of approximately 63% compared to the average daily volume of 46,100 call options.

Wall Street Analysts Forecast Growth

CELH has been the topic of several research analyst reports. B. Riley decreased their target price on Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Truist Financial lowered their target price on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Wedbush reduced their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. UBS Group dropped their target price on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Maxim Group lowered their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.29.

Celsius Stock Performance

Shares of Celsius stock traded up $0.95 during trading hours on Wednesday, reaching $29.69. The company’s stock had a trading volume of 5,235,073 shares, compared to its average volume of 5,406,704. The company’s 50 day simple moving average is $36.07 and its 200 day simple moving average is $58.56. Celsius has a one year low of $28.20 and a one year high of $99.62. The stock has a market cap of $6.92 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 2.45 and a beta of 1.84.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. Celsius’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. On average, sell-side analysts predict that Celsius will post 0.82 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in Celsius in the 4th quarter worth approximately $25,000. FinTrust Capital Advisors LLC bought a new position in Celsius during the first quarter valued at approximately $25,000. S.A. Mason LLC acquired a new stake in Celsius in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its position in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares in the last quarter. Finally, Rise Advisors LLC boosted its holdings in Celsius by 1,370.0% in the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.