Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 7,650,000 shares, an increase of 14.5% from the August 15th total of 6,680,000 shares. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is presently 4.7 days.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on CELH. B. Riley upped their price objective on shares of Celsius from $100.00 to $112.00 in a report on Tuesday, August 2nd. UBS Group upped their price target on Celsius from $74.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, August 11th. Finally, Stifel Nicolaus raised their price objective on Celsius from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $100.00.
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Celsius Stock Performance
CELH traded down $1.61 during midday trading on Tuesday, reaching $104.44. 8,875 shares of the company were exchanged, compared to its average volume of 1,517,262. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 271.92 and a beta of 1.91. Celsius has a one year low of $38.31 and a one year high of $118.19. The company's fifty day moving average price is $96.59 and its 200 day moving average price is $71.73.
Celsius (NASDAQ:CELH – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. Celsius had a return on equity of 13.83% and a net
margin of 6.27%. The business had revenue of $154.02 million during the quarter, compared to the consensus estimate of $148.74 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. Celsius's revenue was up 136.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius will post 0.44 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO John Fieldly sold 70,000 shares of the business's stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $115.55, for a total value of $8,088,500.00. Following the sale, the chief executive officer now directly owns 311,619 shares in the company, valued at $36,007,575.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO John Fieldly sold 70,000 shares of the firm's stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $115.55, for a total transaction of $8,088,500.00. Following the completion of the sale, the chief executive officer now owns 311,619 shares in the company, valued at approximately $36,007,575.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hal Kravitz sold 5,000 shares of Celsius stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $500,000.00. Following the completion of the sale, the director now owns 26,797 shares of the company's stock, valued at $2,679,700. The disclosure for this sale can be found here. Over the last three months, insiders have sold 278,500 shares of company stock worth $26,796,940. Company insiders own 2.70% of the company's stock.
Institutional Trading of Celsius
Several hedge funds have recently made changes to their positions in CELH. BlackRock Inc. raised its position in shares of Celsius by 0.9% in the first quarter. BlackRock Inc. now owns 6,435,150 shares of the company's stock valued at $355,091,000 after purchasing an additional 58,764 shares during the period. FMR LLC increased its position in shares of Celsius by 8.6% in the second quarter. FMR LLC now owns 6,073,474 shares of the company's stock worth $396,355,000 after purchasing an additional 482,381 shares during the last quarter. Vanguard Group Inc. lifted its position in Celsius by 1.0% during the first quarter. Vanguard Group Inc. now owns 4,238,161 shares of the company's stock valued at $233,862,000 after purchasing an additional 43,419 shares during the last quarter. William Blair Investment Management LLC grew its stake in Celsius by 10.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,767,827 shares of the company's stock worth $131,827,000 after buying an additional 173,585 shares in the last quarter. Finally, Capital International Investors bought a new position in shares of Celsius in the 1st quarter worth $93,034,000. 55.30% of the stock is currently owned by institutional investors.
About Celsius
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Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
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