Celsius (NASDAQ:CELH) Director Hal Kravitz Acquires 10,000 Shares of Stock

Celsius Holdings Inc. (NASDAQ:CELH) Director Hal Kravitz purchased 10,000 shares of Celsius stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $45.24 per share, with a total value of $452,400.00. Following the completion of the purchase, the director directly owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Celsius Stock Down 6.1%

Shares of Celsius stock opened at $40.16 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $66.74. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 108.54, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The company’s 50 day moving average is $56.50 and its 200 day moving average is $49.78.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm had revenue of $725.11 million for the quarter, compared to analysts’ expectations of $703.68 million. The firm’s revenue was up 172.9% compared to the same quarter last year. Research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its position in Celsius by 1,993.0% in the second quarter. Allworth Financial LP now owns 11,135 shares of the company’s stock worth $517,000 after purchasing an additional 10,603 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Celsius by 9,579.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after buying an additional 820,297 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Celsius during the 2nd quarter valued at about $835,000. SWS Partners bought a new position in shares of Celsius in the 2nd quarter valued at about $1,719,000. Finally, Polianta Ltd purchased a new position in Celsius in the second quarter worth about $1,428,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of Celsius from $74.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 7th. Weiss Ratings lowered Celsius from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. lowered their target price on Celsius from $76.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Citigroup cut their price target on Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, The Goldman Sachs Group initiated coverage on Celsius in a research note on Thursday, September 11th. They issued a “buy” rating and a $72.00 price objective on the stock. Twenty equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.95.

About Celsius

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.