Celsius (NASDAQ:CELH) Shares Up 4.2% – Here’s What Happened

Celsius Holdings, Inc. (NASDAQ:CELH) shot up 4.2% during trading on Tuesday . The stock traded as high as $27.15 and last traded at $26.94. 1,436,052 shares were traded during mid-day trading, a decline of 77% from the average session volume of 6,244,932 shares. The stock had previously closed at $25.85.

Analyst Ratings Changes

CELH has been the topic of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. JPMorgan Chase & Co. assumed coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. LADENBURG THALM/SH SH lowered their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Truist Financial upped their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.28.

Celsius Stock Performance

The company has a market cap of $6.19 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. The stock’s fifty day moving average is $28.79 and its two-hundred day moving average is $37.48.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several hedge funds have recently added to or reduced their stakes in CELH. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius during the third quarter worth about $34,000. Signaturefd LLC grew its stake in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after buying an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Celsius by 3,150.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after acquiring an additional 630 shares in the last quarter. Finally, Activest Wealth Management bought a new position in Celsius in the third quarter valued at $39,000. 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.