Celsius (NASDAQ:CELH) Shares Gap Down – Here’s What Happened

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $26.81, but opened at $26.16. Celsius shares last traded at $26.37, with a volume of 1,865,900 shares trading hands.

Analyst Ratings Changes

CELH has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. UBS Group cut their target price 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. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $29.00 in a research note on Wednesday. Stifel Nicolaus dropped their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Celsius Trading Down 1.2 %

The business has a 50 day moving average of $28.05 and a 200-day moving average of $34.20. The stock has a market cap of $5.89 billion, a PE ratio of 34.78, a P/E/G ratio of 2.79 and a beta of 1.79.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in CELH. Dimensional Fund Advisors LP increased its holdings in shares of Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after purchasing an additional 460,227 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares during the period. Xponance Inc. boosted its holdings in shares of Celsius by 7.8% in the second quarter. Xponance Inc. now owns 40,607 shares of the company’s stock valued at $2,318,000 after acquiring an additional 2,928 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Celsius by 63.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,026 shares of the company’s stock worth $1,657,000 after acquiring an additional 11,258 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Celsius by 22.8% during the second quarter. Toronto Dominion Bank now owns 17,893 shares of the company’s stock worth $1,022,000 after purchasing an additional 3,326 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.