Celsius (NASDAQ:CELH) Stock Price Up 5.3% – Here’s What Happened

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price rose 5.3% on Wednesday . The company traded as high as $30.36 and last traded at $30.26. Approximately 6,860,611 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 5,412,552 shares. The stock had previously closed at $28.74.

Analyst Upgrades and Downgrades

Several brokerages have commented on CELH. UBS Group dropped their price target on Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group cut their price target on shares of Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Truist Financial decreased their price objective on shares of Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Wedbush cut their target price on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Finally, Piper Sandler decreased their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average price target of $57.29.

Celsius Price Performance

The firm’s fifty day moving average is $36.07 and its 200-day moving average is $58.56. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.45 and a beta of 1.84.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, sell-side analysts expect that Celsius Holdings, Inc. will post 0.82 EPS for the current year.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the business’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 sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently bought and sold shares of CELH. Transcendent Capital Group LLC purchased a new position in shares of Celsius during the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC bought a new stake in Celsius in the first quarter worth approximately $25,000. S.A. Mason LLC acquired a new position in Celsius during the second quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 374 shares during the last quarter. Finally, Rise Advisors LLC lifted its holdings in Celsius by 1,370.0% in the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the last quarter. 60.95% of the stock is currently 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.