Celsius Holdings, Inc. (NASDAQ:CELH) Insider Paul H. Storey Sells 10,188 Shares

Celsius Holdings, Inc. (NASDAQ:CELH) insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Celsius Price Performance

Shares of NASDAQ CELH opened at $27.49 on Thursday. The business has a fifty day moving average price of $25.88 and a 200 day moving average price of $29.13. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62. The stock has a market capitalization of $6.46 billion, a P/E ratio of 62.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. As a group, equities research analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after buying an additional 26,801 shares in the last quarter. Van ECK Associates Corp increased its position in Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. increased its position in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after buying an additional 25,315 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Celsius during the 3rd quarter valued at about $2,772,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. Needham & Company LLC upped their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. Jefferies Financial Group lowered their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

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.