William H. Milmoe Sells 65,000 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Celsius Trading Down 5.5 %

Shares of NASDAQ CELH opened at $29.24 on Wednesday. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62. The company has a market cap of $6.87 billion, a PE ratio of 40.61, a P/E/G ratio of 3.44 and a beta of 1.76. The stock has a 50 day simple moving average of $30.10 and a 200-day simple moving average of $40.47.

Analyst Ratings Changes

Several brokerages recently weighed in on CELH. Jefferies Financial Group cut their target price on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Bank of America decreased their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Needham & Company LLC began coverage on shares of Celsius in a report on Friday, December 6th. They issued a “buy” rating and a $38.00 price target on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus reduced their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $51.17.

Institutional Trading of Celsius

A number of institutional investors have recently made changes to their positions in CELH. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Celsius in the third quarter valued at $34,000. Signaturefd LLC boosted its position in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management acquired a new stake in Celsius during the third quarter valued at approximately $39,000. 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.