Celsius Holdings, Inc. (NASDAQ: CELH – Free Report) shares saw an increase in trading volume on Tuesday after releasing a better-than-expected earnings report. During midday trading, 2,938,275 shares were traded, a 42% decrease from the previous session’s volume of 5,101,869 shares. The stock last traded at $42.64 and had previously closed at $41.35.
The company reported earnings per share (EPS) of $0.28 for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company posted revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. In the same quarter last year, the company posted earnings per share of $0.17. Celsius’ revenue grew 23.4% compared to the same quarter last year.
Wall Street analysts comment
Several analysts have recently commented on CELH shares. Jefferies Financial Group lowered their price target on Celsius shares from $98.00 to $68.00 and issued a “buy” rating on the stock in a report on Monday, July 22. BNP Paribas began coverage on Celsius shares in a research note on Monday, June 24. They issued an “outperform” rating and a $87.00 price target on the stock. Piper Sandler lowered their price target on Celsius shares from $90.00 to $65.00 and issued an “overweight” rating on the company in a research note on Wednesday. Morgan Stanley lowered their price target on Celsius shares from $68.00 to $50.00 and issued an “equal weight” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price target on shares of Celsius in a research report on Tuesday, July 9. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.91.
Get our latest analysis on Celsius
Insider buying and selling at Celsius
In other news, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the transaction, the director now directly owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The sale was disclosed in a filing with the Securities & Exchange Commission, available through this hyperlink. In other news, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The sale was disclosed in a legal filing with the SEC, available at this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 17. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The disclosure for this sale can be found here. 2.20% of the shares are owned by insiders of the company.
Institutional inflows and outflows
Several hedge funds have recently made changes to their holdings in CELH. Covestor Ltd increased its holdings in Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after acquiring an additional 127 shares in the last quarter. Zürcher Kantonalbank Zürich Cantonalbank increased its holdings in Celsius by 0.7% in the 1st quarter. Zürcher Kantonalbank Zürich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after acquiring an additional 181 shares in the last quarter. Moody National Bank Trust Division increased its holdings in Celsius shares by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after acquiring an additional 181 shares during the same period. Bleakley Financial Group LLC increased its position in Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares during the period. Finally, Tidal Investments LLC increased its stake in Celsius by 4.3% in the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.
Price development of Celsius shares
The company’s 50-day moving average is $57.87 and its 200-day moving average is $69.51. The company has a market cap of $9.18 billion, a P/E ratio of 43.30, a PEG ratio of 1.38 and a beta of 1.90.
Celsius Company Profile
(Get free report)
Celsius Holdings, Inc. develops, processes, markets, distributes and sells functional energy drinks and liquid nutritional supplements in the United States, Australia, New Zealand, Canada, Europe, the Middle East, Asia Pacific and worldwide. The company offers CELSIUS, a fitness drink or nutritional supplement designed to boost metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the names CELSIUS Originals and Vibe, and functional energy drinks under the names CELSIUS Essentials and CELSIUS On-the-Go Powder; and CELSIUS ready-to-drink products.
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