Celsius (NASDAQ:CELH) Shares Up 8.6%

Celsius Holdings, Inc. (NASDAQ:CELH) shot up 8.6% on Thursday . The stock traded as high as $4.60 and last traded at $4.57, 582,700 shares were traded during mid-day trading. An increase of 349% from the average session volume of 129,718 shares. The stock had previously closed at $4.21.

Several equities research analysts have weighed in on the stock. B. Riley set a $10.00 target price on shares of Celsius and gave the stock a “buy” rating in a report on Friday, September 13th. BidaskClub upgraded shares of Celsius from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 12th. ValuEngine lowered shares of Celsius from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research upgraded shares of Celsius from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Thursday, November 14th. Finally, Maxim Group set a $8.00 target price on shares of Celsius and gave the stock a “buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Celsius currently has an average rating of “Hold” and a consensus target price of $7.42.

The company’s fifty day simple moving average is $3.52 and its two-hundred day simple moving average is $3.99. The company has a market capitalization of $265.17 million, a price-to-earnings ratio of -19.87 and a beta of 0.90.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $20.42 million for the quarter, compared to analyst estimates of $18.29 million. Celsius had a net margin of 15.67% and a negative return on equity of 6.41%.

In other news, Director William H. Milmoe bought 555,555 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $1,999,998.00. Also, major shareholder Carl Desantis bought 500,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of $3.60 per share, for a total transaction of $1,800,000.00. Company insiders own 38.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in shares of Celsius during the third quarter worth $35,000. Tower Research Capital LLC TRC bought a new stake in shares of Celsius during the third quarter worth $39,000. Gamco Investors INC. ET AL bought a new stake in shares of Celsius during the second quarter worth $53,000. FNY Investment Advisers LLC bought a new stake in shares of Celsius during the third quarter worth $139,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Celsius during the second quarter worth $189,000. 42.52% of the stock is owned by institutional investors.

About Celsius (NASDAQ:CELH)

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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