Celsius (NASDAQ:CELH) Shares Gap Up – Time to Buy?

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) gapped up before the market opened on Monday . The stock had previously closed at $33.65, but opened at $34.38. Celsius shares last traded at $35.99, with a volume of 1,691,105 shares.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $45.00 in a report on Monday. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Stifel Nicolaus reduced their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, 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 note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Celsius Trading Up 0.3 %

The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 81.21, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The company’s 50-day moving average is $27.21 and its 200-day moving average is $28.80.

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

Insiders Place Their Bets

In related news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction 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 represents a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the firm’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 transaction of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. This 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.

Hedge Funds Weigh In On Celsius

Several large investors have recently bought and sold shares of CELH. HM Payson & Co. grew its holdings in shares of Celsius by 122.2% during the fourth 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 last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after acquiring an additional 750 shares during the last quarter. S.A. Mason LLC increased its position in Celsius by 100.0% in the 4th 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 raised its stake 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 acquiring an additional 1,114 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Celsius by 32.8% during the fourth 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. 60.95% of the stock is currently owned by institutional investors.

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.