Insider Buying: Celsius (NASDAQ:CELH) Director Buys $553,000.00 in Stock

Celsius Holdings Inc. (NASDAQ:CELH) Director Damon DeSantis acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average cost of $27.65 per share, with a total value of $553,000.00. Following the completion of the transaction, the director directly owned 2,712,187 shares in the company, valued at $74,991,970.55. The trade was a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Damon Desantis also recently made the following trade(s):

• On Tuesday, September 15th, Damon DeSantis bought 16,000 shares of Celsius stock. The shares were bought at an average cost of $27.95 per share, for a total transaction of $447,200.00.

Celsius Trading Up 0.3%

Shares of Celsius stock opened at $28.34 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. Celsius Holdings Inc. has a 12-month low of $23.56 and a 12-month high of $66.74. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 118.08, a PEG ratio of 1.96 and a beta of 0.93. The firm’s 50 day simple moving average is $29.69 and its two-hundred day simple moving average is $32.44.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. Celsius’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. Analysts predict that Celsius Holdings Inc. will post 1.45 EPS for the current year.

Key Stories Impacting Celsius

Here are the key news stories impacting Celsius this week:

• Positive Sentiment: CEO John Fieldly reportedly bought 18,000 shares following CELH’s sharp decline, signaling that management may view the current valuation as attractive. Celsius CEO insider purchase report
• Positive Sentiment: Director Damon DeSantis purchased a combined 36,000 shares for approximately $1 million at average prices near $28, while Director Hal Kravitz bought 12,000 shares for $336,000. The open-market purchases increase insider exposure and may reassure investors that directors see potential value after the selloff. Celsius director purchase report
• Positive Sentiment: Analysts maintain a “Moderate Buy” consensus and an average price target of $43.38, substantially above recent trading levels. However, some firms have lowered targets or downgraded the stock, showing that the bullish view is not unanimous. Celsius analyst price target report
• Neutral Sentiment: CELH remains below its 50-day and 200-day moving averages. Its elevated earnings multiple makes the shares particularly sensitive to changes in growth expectations.
• Negative Sentiment: Pomerantz announced a securities class action against Celsius and certain officers. The allegations, which have not been proven, could create legal expenses, reputational pressure and uncertainty around the company’s disclosures and business outlook. Pomerantz Celsius class action announcement
• Negative Sentiment: The latest quarter missed consensus estimates for both EPS and revenue, despite 10.6% year-over-year revenue growth, raising concerns about profitability and execution.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CELH. Wall Street Zen upgraded Celsius from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Maxim Group lowered shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Needham & Company LLC decreased their price objective on shares of Celsius from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Celsius in a report on Friday, August 7th. Finally, Citigroup cut their price objective on shares of Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Celsius has an average rating of “Moderate Buy” and an average target price of $43.38.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its position in Celsius by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 126,289 shares of the company’s stock valued at $3,698,000 after acquiring an additional 7,010 shares in the last quarter. Tidal Investments LLC boosted its position in Celsius by 10.4% in the 2nd quarter. Tidal Investments LLC now owns 8,640 shares of the company’s stock worth $253,000 after purchasing an additional 812 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Celsius in the 2nd quarter worth approximately $744,000. Engineers Gate Manager LP grew its stake in shares of Celsius by 470.8% during the 2nd quarter. Engineers Gate Manager LP now owns 87,492 shares of the company’s stock worth $2,562,000 after purchasing an additional 72,163 shares during the period. Finally, Maven Securities LTD acquired a new stake in shares of Celsius during the 2nd quarter worth approximately $1,192,000. 60.95% of the stock is owned by institutional investors and hedge funds.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.