Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells $3,718,000.00 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares in the company, valued at approximately $21,029,472.75. The sale was disclosed in a legal filing 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 transactions with the SEC.

Celsius Stock Performance

NASDAQ CELH opened at $93.49 on Thursday. Celsius Holdings, Inc. has a twelve month low of $40.87 and a twelve month high of $99.62. The stock has a market capitalization of $21.79 billion, a PE ratio of 102.74, a P/E/G ratio of 2.68 and a beta of 1.93. The stock has a 50-day simple moving average of $82.17 and a 200 day simple moving average of $68.35.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities research analysts forecast that Celsius Holdings, Inc. will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Celsius

Large investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its holdings in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in Celsius in the 4th quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new position in Celsius in the 4th quarter valued at approximately $25,000. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius in the 1st quarter valued at approximately $25,000. Finally, Tidemark LLC bought a new stake in shares of Celsius in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CELH shares. Stifel Nicolaus lowered their target price on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Piper Sandler upped their price target on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Jefferies Financial Group upped their price target on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Celsius in a research note on Friday, May 3rd. Finally, UBS Group decreased their price target on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.36.

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.