Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells $25,573,010.58 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,750,163 shares in the company, valued at approximately $1,417,172,226.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Celsius Stock Performance

Shares of Celsius stock opened at $77.13 on Thursday. The stock has a 50 day moving average of $81.42 and a 200 day moving average of $65.97. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 100.17, a PEG ratio of 2.22 and a beta of 1.93. Celsius Holdings, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company’s revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. Analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently made changes to their positions in CELH. Vanguard Group Inc. lifted its holdings in shares of Celsius by 183.6% in the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after acquiring an additional 8,899,873 shares during the last quarter. Wellington Management Group LLP raised its position in Celsius by 212.2% in the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after purchasing an additional 2,306,598 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Celsius by 424.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after purchasing an additional 2,261,046 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of Celsius by 188.8% during the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after buying an additional 1,934,400 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Celsius during the fourth quarter worth $101,116,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Celsius in a research note on Friday, May 3rd. Roth Mkm boosted 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. UBS Group cut their price objective on shares of Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Piper Sandler boosted their target price on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.95.

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.