Celsius (NASDAQ:CELH) Trading Up 6.4% – Should You Buy?

Celsius Holdings Inc. (NASDAQ:CELH) shot up 6.4% during mid-day trading on Tuesday . The stock traded as high as $29.78 and last traded at $29.8010. 1,655,332 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 8,053,427 shares. The stock had previously closed at $28.02.

Analysts Set New Price Targets

A number of research analysts have commented on CELH shares. Wall Street Zen raised Celsius from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Roth Capital reissued a “buy” rating and set a $48.00 target price on shares of Celsius in a research note on Friday, August 7th. Sanford C. Bernstein downgraded Celsius from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $44.00 to $26.00 in a report on Friday, August 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Celsius in a research note on Monday, August 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Celsius from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $43.38.

Celsius Stock Performance

The business has a fifty day simple moving average of $29.60 and a 200-day simple moving average of $32.16. The firm has a market cap of $7.45 billion, a P/E ratio of 122.65, a P/E/G ratio of 1.96 and a beta of 0.93. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The business had revenue of $817.93 million for the quarter, compared to analysts’ expectations of $870.08 million. During the same period last year, the business earned $0.47 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts predict that Celsius Holdings Inc. will post 1.43 EPS for the current fiscal year.

Insider Activity at Celsius

In other news, CEO John Fieldly purchased 18,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the acquisition, the chief executive officer directly owned 956,063 shares in the company, valued at $26,234,368.72. This represents a 1.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hal Kravitz purchased 12,000 shares of Celsius stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $28.00 per share, with a total value of $336,000.00. Following the transaction, the director directly owned 239,158 shares of the company’s stock, valued at $6,696,424. This represents a 5.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 66,000 shares of company stock valued at $1,830,120. 2.33% of the stock is owned by insiders.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently modified their holdings of the business. Fideuram Asset Management Ireland dac purchased a new stake in shares of Celsius during the fourth quarter valued at $31,000. Continuum Advisory LLC bought a new position in Celsius during the 2nd quarter valued at about $31,000. Summit Securities Group LLC purchased a new stake in shares of Celsius during the 1st quarter valued at about $56,000. Ancora Advisors LLC bought a new stake in shares of Celsius in the second quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Celsius by 16.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,501 shares of the company’s stock valued at $69,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.