Celsius (NASDAQ:CELH) Trading Up 6.9% – Should You Buy?

Celsius Holdings, Inc. (NASDAQ:CELH) shares shot up 6.9% during mid-day trading on Monday . The stock traded as high as $28.63 and last traded at $28.96. 1,763,428 shares changed hands during trading, a decline of 75% from the average session volume of 7,146,795 shares. The stock had previously closed at $27.08.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CELH. Stifel Nicolaus lowered their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. Piper Sandler cut their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Needham & Company LLC lifted their target price on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Celsius Stock Performance

The company’s 50 day moving average price is $25.84 and its 200-day moving average price is $28.88. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 67.28, a PEG ratio of 2.90 and a beta of 1.90.

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

Insider Buying and Selling

In related news, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction dated 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 owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

Institutional investors have recently made changes to their positions in the company. Champlain Investment Partners LLC acquired a new position in Celsius in the fourth quarter worth approximately $85,068,000. Contrarius Group Holdings Ltd bought a new position in shares of Celsius during the 4th quarter valued at $75,535,000. Norges Bank acquired a new stake in shares of Celsius in the 4th quarter valued at $72,579,000. Alyeska Investment Group L.P. increased its position in Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock worth $181,164,000 after buying an additional 2,591,345 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Celsius during the fourth quarter valued at about $61,160,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.