Jarrod Langhans Sells 4,079 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

Celsius Holdings, Inc. (NASDAQ:CELH) CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Celsius Price Performance

NASDAQ:CELH traded down $1.13 on Friday, reaching $68.84. The stock had a trading volume of 3,572,039 shares, compared to its average volume of 4,759,714. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 90.48, a P/E/G ratio of 2.07 and a beta of 1.86. The firm’s fifty day moving average is $78.59 and its two-hundred day moving average is $64.07. Celsius Holdings, Inc. has a 12-month low of $29.42 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm’s quarterly revenue was up 95.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, research analysts forecast that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Cary Street Partners Investment Advisory LLC lifted its holdings in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Celsius during the 4th quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in shares of Celsius during the 4th quarter valued at about $25,000. Money Concepts Capital Corp acquired a new position in shares of Celsius during the 4th quarter valued at about $28,000. Finally, Tidemark LLC acquired a new position in shares of Celsius during the 4th quarter valued at about $29,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CELH has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Stifel Europe boosted their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Piper Sandler boosted their target price on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Friday, January 19th. Finally, Wedbush boosted their target price on shares of Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.10.

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.