Celsius (NASDAQ:CELH) Sees Strong Trading Volume After Better-Than-Expected Earnings

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) saw unusually-strong trading volume on Friday following a stronger than expected earnings report. Approximately 20,491,013 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 8,938,911 shares.The stock last traded at $31.94 and had previously closed at $25.53.

The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 15.61% and a return on equity of 59.40%. The firm had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million.

Analysts Set New Price Targets

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. Roth Mkm cut their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Jefferies Financial Group reduced their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Piper Sandler lowered their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, UBS Group reduced their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.56.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated 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 directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently added to or reduced their stakes in CELH. Creative Planning lifted its holdings in shares of Celsius by 41.7% during the 3rd quarter. Creative Planning now owns 30,460 shares of the company’s stock valued at $955,000 after acquiring an additional 8,966 shares in the last quarter. Blue Trust Inc. raised its position in Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares during the period. Raymond James & Associates lifted its stake in shares of Celsius by 9.4% during the third quarter. Raymond James & Associates now owns 217,809 shares of the company’s stock worth $6,830,000 after purchasing an additional 18,686 shares in the last quarter. Signaturefd LLC boosted its position in shares of Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Celsius in the third quarter valued at about $1,027,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

The firm has a fifty day moving average of $26.00 and a 200 day moving average of $30.43. The firm has a market capitalization of $7.37 billion, a PE ratio of 43.53, a P/E/G ratio of 2.96 and a beta of 1.78.

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.