Celsius Holdings, Inc. (NASDAQ:CELH) CFO Sells $283,164.18 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Celsius Trading Down 1.6 %

NASDAQ CELH traded down $1.13 during trading on Friday, reaching $68.84. 3,572,039 shares of the company’s stock were exchanged, compared to its average volume of 4,759,714. Celsius Holdings, Inc. has a fifty-two week low of $29.42 and a fifty-two week high of $99.62. The firm has a market capitalization of $15.90 billion, a PE ratio of 90.48, a P/E/G ratio of 2.07 and a beta of 1.86. The company’s fifty day simple moving average is $78.59 and its 200-day simple moving average is $64.07.

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

Analyst Ratings Changes

A number of brokerages have recently commented on CELH. Stifel Nicolaus raised their price target on Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a report on Friday, March 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $75.00 target price on shares of Celsius in a report on Wednesday, March 27th. Maxim Group lifted their target price on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wedbush lifted their target price on Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Bank of America lowered Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $85.10.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Valley National Advisers Inc. increased its position in Celsius by 31.3% in the 1st quarter. Valley National Advisers Inc. now owns 1,217 shares of the company’s stock worth $100,000 after buying an additional 290 shares during the period. SeaCrest Wealth Management LLC increased its position in Celsius by 128.8% in the 1st quarter. SeaCrest Wealth Management LLC now owns 16,241 shares of the company’s stock worth $1,347,000 after buying an additional 9,144 shares during the period. Allspring Global Investments Holdings LLC increased its position in Celsius by 14.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,631,651 shares of the company’s stock worth $135,297,000 after buying an additional 209,284 shares during the period. Oak Thistle LLC bought a new position in Celsius in the 1st quarter worth approximately $412,000. Finally, Griffin Asset Management Inc. bought a new position in Celsius in the 1st quarter worth approximately $387,000. 60.95% of the stock is owned by institutional investors.

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.