Celsius (NASDAQ:CELH) Trading 6.9% Higher – Should You Buy?

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price shot up 6.9% during mid-day trading on Monday . The company traded as high as $28.63 and last traded at $28.96. 1,763,428 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 7,146,795 shares. The stock had previously closed at $27.08.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CELH shares. UBS Group cut their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Needham & Company LLC increased their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. B. Riley reiterated a “buy” rating and issued a $49.00 target price (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Roth Mkm restated a “buy” rating and set a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

Celsius Stock Up 9.6 %

The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 67.28, a P/E/G ratio of 2.90 and a beta of 1.90. The firm has a 50 day moving average price of $25.84 and a two-hundred day moving average price of $28.88.

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

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of Celsius 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 approximately $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Celsius

Several institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. boosted its holdings in shares of 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 period. Activest Wealth Management acquired a new position in Celsius in the third quarter valued at approximately $39,000. S.A. Mason LLC boosted its stake in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC grew its holdings 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 last quarter. Finally, Blue Trust Inc. raised its position in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares during the period. Institutional investors own 60.95% of the company’s stock.

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.