Celsius (NASDAQ:CELH) Trading Down 0.4% – Here’s What Happened

Celsius Holdings, Inc. (NASDAQ:CELH) shares were down 0.4% on Tuesday . The company traded as low as $25.34 and last traded at $25.69. Approximately 1,067,268 shares were traded during trading, a decline of 82% from the average daily volume of 6,012,345 shares. The stock had previously closed at $25.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CELH shares. Roth Mkm dropped their target price on Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Bank of America dropped their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Maxim Group dropped their price target on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. TD Cowen dropped their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus dropped their price target on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Price Performance

The company has a market capitalization of $6.51 billion, a P/E ratio of 38.49, a PEG ratio of 3.13 and a beta of 1.86. The company has a fifty day moving average price of $31.05 and a two-hundred day moving average price of $48.48.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors have recently added to or reduced their stakes in CELH. Massachusetts Financial Services Co. MA boosted its holdings in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares during the last quarter. Capital International Investors lifted its stake in Celsius by 50.6% in the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after buying an additional 1,333,217 shares during the period. Capital Research Global Investors acquired a new position in Celsius in the first quarter valued at approximately $99,746,000. Worldquant Millennium Advisors LLC lifted its stake in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after buying an additional 1,072,859 shares during the period. Finally, MIG Capital LLC acquired a new position in Celsius in the third quarter valued at approximately $30,358,000. 60.95% of the stock is currently 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.