Celsius (NASDAQ:CELH) Stock Price Down 2.4% – Time to Sell?

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) traded down 2.4% on Tuesday . The stock traded as low as $36.00 and last traded at $36.45. 597,996 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 7,690,807 shares. The stock had previously closed at $37.34.

Analysts Set New Price Targets

CELH has been the topic of a number of recent research reports. UBS Group dropped their price target on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. B. Riley reissued a “buy” rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Morgan Stanley reissued an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Finally, Needham & Company LLC upped their target price on Celsius from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.29.

Celsius Stock Down 1.1 %

The company has a market capitalization of $9.45 billion, a PE ratio of 83.32, a PEG ratio of 2.90 and a beta of 1.58. The business has a 50 day simple moving average of $30.31 and a 200 day simple moving average of $29.19.

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

Insider Transactions at Celsius

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. HM Payson & Co. grew its position in Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after buying an additional 750 shares during the period. S.A. Mason LLC boosted its stake in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after buying an additional 700 shares during the last quarter. UMB Bank n.a. grew its holdings in Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after acquiring an additional 844 shares during the period. Finally, GAMMA Investing LLC raised its position in 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 acquiring an additional 1,114 shares in the last quarter. Hedge funds and other 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.