Celsius (NASDAQ:CELH) Shares Gap Up – Here’s What Happened

Celsius Holdings, Inc. (NASDAQ:CELH) gapped up before the market opened on Monday . The stock had previously closed at $33.65, but opened at $34.38. Celsius shares last traded at $35.99, with a volume of 1,691,105 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on CELH shares. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Truist Financial upgraded shares of Celsius from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $45.00 in a report on Monday. Finally, Roth Mkm restated a “buy” rating and set a $38.00 target price on shares of Celsius in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Celsius Stock Up 7.6 %

The company has a 50-day moving average price of $26.86 and a 200 day moving average price of $28.77. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 81.96, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Equities analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Large investors have recently made changes to their positions in the stock. HM Payson & Co. grew its holdings in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 550 shares during the last quarter. S.A. Mason LLC lifted its position in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC increased its position in shares of Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares during the period. Blue Trust Inc. raised its stake in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Knuff & Co LLC bought a new position in Celsius in the fourth quarter worth $50,000. Institutional investors own 60.95% of the company’s stock.

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.