Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder William H. Milmoe Sells 428,568 Shares

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the transaction, the insider now directly owns 25,035,885 shares in the company, valued at approximately $1,493,891,257.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $75.97 on Friday. The business has a fifty day moving average of $80.79 and a two-hundred day moving average of $65.47. Celsius Holdings, Inc. has a 52-week low of $32.99 and a 52-week high of $99.62. The stock has a market cap of $17.55 billion, a PE ratio of 98.66, a PEG ratio of 2.11 and a beta of 1.93.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm’s quarterly revenue was up 95.2% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS. Analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Csenge Advisory Group increased its holdings in Celsius by 8.9% during the 1st quarter. Csenge Advisory Group now owns 5,583 shares of the company’s stock valued at $463,000 after purchasing an additional 454 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Celsius during the first quarter worth $383,000. GSA Capital Partners LLP grew its holdings in Celsius by 40.6% during the 1st quarter. GSA Capital Partners LLP now owns 12,709 shares of the company’s stock worth $1,054,000 after acquiring an additional 3,668 shares during the last quarter. RiverPark Advisors LLC increased its position in Celsius by 200.6% in the 1st quarter. RiverPark Advisors LLC now owns 4,870 shares of the company’s stock valued at $404,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Celsius in the first quarter worth about $529,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CELH shares. Roth Mkm raised their price target on shares of Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Morgan Stanley reissued an “equal weight” rating and set a $75.00 target price on shares of Celsius in a research report on Wednesday, March 27th. Maxim Group upped their price target on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, April 1st. Stifel Nicolaus decreased their price objective on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group boosted their price objective on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.45.

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.