Insider Buying: Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Purchases $1,800,000.00 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder Carl Desantis bought 500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average price of $3.60 per share, with a total value of $1,800,000.00. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of CELH stock opened at $3.63 on Thursday. Celsius Holdings, Inc. has a 52-week low of $3.09 and a 52-week high of $5.37. The stock has a market cap of $218.50 million, a price-to-earnings ratio of -15.78 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.35 and a current ratio of 3.48. The firm has a fifty day moving average of $4.15 and a 200-day moving average of $4.17.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Celsius had a net margin of 8.41% and a negative return on equity of 39.40%. The business had revenue of $16.12 million during the quarter, compared to analyst estimates of $15.15 million. On average, sell-side analysts predict that Celsius Holdings, Inc. will post -0.02 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL acquired a new position in shares of Celsius in the 2nd quarter valued at $53,000. SG Americas Securities LLC acquired a new position in shares of Celsius in the 1st quarter valued at $71,000. GYL Financial Synergies LLC raised its stake in shares of Celsius by 39.7% in the 2nd quarter. GYL Financial Synergies LLC now owns 139,744 shares of the company’s stock valued at $620,000 after buying an additional 39,744 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in shares of Celsius by 51.6% in the 1st quarter. Anchor Capital Advisors LLC now owns 239,630 shares of the company’s stock valued at $1,021,000 after buying an additional 81,608 shares in the last quarter. Finally, Granite Investment Partners LLC raised its stake in shares of Celsius by 242.4% in the 1st quarter. Granite Investment Partners LLC now owns 299,057 shares of the company’s stock valued at $1,274,000 after buying an additional 211,705 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

CELH has been the subject of several research analyst reports. B. Riley set a $10.00 target price on shares of Celsius and gave the company a “buy” rating in a research note on Friday, September 13th. TheStreet upgraded shares of Celsius from a “d” rating to a “c+” rating in a research note on Friday, May 31st. Zacks Investment Research cut shares of Celsius from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Maxim Group reiterated a “buy” rating and set a $8.00 target price on shares of Celsius in a research note on Friday, August 9th. Finally, ValuEngine upgraded shares of Celsius from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $7.75.

Celsius Company Profile

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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