Insider Buying: Celsius (NASDAQ:CELH) Director Purchases $447,200.00 in Stock

Celsius Holdings Inc. (NASDAQ:CELH) Director Damon DeSantis purchased 16,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were bought at an average price of $27.95 per share, with a total value of $447,200.00. Following the completion of the transaction, the director owned 2,728,187 shares of the company’s stock, valued at approximately $76,252,826.65. The trade was a 0.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, September 14th, Damon DeSantis acquired 20,000 shares of Celsius stock. The stock was bought at an average price of $27.65 per share, for a total transaction of $553,000.00.

Celsius Stock Performance

NASDAQ:CELH opened at $28.34 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The stock has a market capitalization of $7.17 billion, a P/E ratio of 118.08, a PEG ratio of 1.96 and a beta of 0.93. The company has a 50 day moving average price of $29.69 and a 200 day moving average price of $32.44. Celsius Holdings Inc. has a fifty-two week low of $23.56 and a fifty-two week high of $66.74.

Celsius (NASDAQ:CELH) last announced its 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). The firm had revenue of $817.93 million during the quarter, compared to analysts’ expectations of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Equities research analysts forecast that Celsius Holdings Inc. will post 1.45 EPS for the current year.

Key Celsius News

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.

Analyst Ratings Changes

CELH has been the topic of several research analyst reports. Roth Capital reiterated a “buy” rating and issued a $48.00 price objective on shares of Celsius in a report on Friday, August 7th. Needham & Company LLC lowered their target price on Celsius from $55.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Morgan Stanley set a $42.00 target price on Celsius and gave the company an “overweight” rating in a research report on Friday, August 7th. UBS Group set a $44.00 price target on shares of Celsius and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Maxim Group cut shares of 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, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.38.

Institutional Trading of Celsius

Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Celsius in the fourth quarter valued at $140,803,000. Westfield Capital Management Co. LP purchased a new stake in Celsius during the 4th quarter worth about $70,632,000. Bank of New York Mellon Corp purchased a new stake in Celsius during the 2nd quarter worth about $43,040,000. Clearbridge Investments LLC acquired a new stake in Celsius in the 4th quarter valued at about $45,137,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in Celsius in the 4th quarter valued at about $29,852,000. 60.95% of the stock is currently 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.