Celsius (NASDAQ:CELH) Stock Falls 5.9% – Here’s Why

Celsius Holdings Inc. (NASDAQ:CELH) shares fell 5.9% during mid-day trading on Wednesday. The company traded as low as $28.44 and last traded at $28.1950. Approximately 3,044,004 shares changed hands during trading, a decline of 61% from the average daily volume of 7,822,217 shares. The stock had previously closed at $29.96.

Analysts Set New Price Targets

Several analysts have recently commented on CELH shares. UBS Group set a $38.00 price target on shares of Celsius in a research report on Thursday, October 15th. Stifel Nicolaus set a $37.00 target price on Celsius in a research note on Friday, August 7th. The Goldman Sachs Group set a $45.00 target price on Celsius in a report on Monday, August 10th. Zacks Research raised Celsius from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Maxim Group cut Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.76.

Celsius Price Performance

The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 119.27, a P/E/G ratio of 2.01 and a beta of 1.01. The company has a fifty day simple moving average of $29.42 and a two-hundred day simple moving average of $30.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%. The business had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, research analysts anticipate that Celsius Holdings Inc. will post 1.42 earnings per share for the current year.

Insiders Place Their Bets

In other Celsius news, Director Damon DeSantis bought 16,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of $27.95 per share, with a total value of $447,200.00. Following the purchase, the director owned 2,728,187 shares in the company, valued at approximately $76,252,826.65. The trade was a 0.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Fieldly bought 18,000 shares of Celsius stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the acquisition, the chief executive officer directly owned 956,063 shares in the company, valued at approximately $26,234,368.72. This represents a 1.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 66,000 shares of company stock worth $1,830,120 over the last three months. 2.33% of the stock is owned by insiders.

Institutional Trading of Celsius

Hedge funds have recently made changes to their positions in the company. Hartford Financial Management Inc. purchased a new position in Celsius in the 3rd quarter valued at about $27,000. Continuum Advisory LLC acquired a new position in shares of Celsius in the second quarter worth about $31,000. Summit Securities Group LLC acquired a new position in shares of Celsius in the first quarter worth about $56,000. AlphaCentric Advisors LLC purchased a new position in Celsius in the first quarter valued at about $69,000. Finally, Ancora Advisors LLC purchased a new position in Celsius in the second quarter valued at about $64,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.

Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.