Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder William H. Milmoe Sells 428,568 Shares of Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the transaction, the insider now owns 25,035,885 shares of the company’s stock, valued at approximately $1,493,891,257.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Celsius Stock Up 1.5 %

Shares of CELH opened at $72.34 on Thursday. The business’s 50 day moving average is $80.34 and its two-hundred day moving average is $65.26. Celsius Holdings, Inc. has a 52-week low of $32.29 and a 52-week high of $99.62. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 93.54, a PEG ratio of 2.15 and a beta of 1.86.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $347.44 million for the quarter, compared to analysts’ expectations of $326.77 million. During the same period last year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 95.2% on a year-over-year basis. On average, equities analysts expect that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CELH has been the subject of a number of analyst reports. Maxim Group upped their price target on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Piper Sandler upped their price target on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Bank of America cut Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a report on Friday, January 19th. Stifel Europe upped their price target on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, UBS Group upped their price target on Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.10.

Hedge Funds Weigh In On Celsius

Several large investors have recently added to or reduced their stakes in CELH. Cary Street Partners Investment Advisory LLC lifted its stake in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in Celsius during the fourth quarter worth $25,000. Transcendent Capital Group LLC bought a new position in Celsius during the fourth quarter worth $25,000. Tidemark LLC bought a new stake in Celsius in the fourth quarter valued at $29,000. Finally, Heritage Wealth Advisors lifted its stake in Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after buying an additional 368 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.