BlackRock Fund Advisors recently announced the acquisition of new stake in Celsius Holdings Inc. (NASDAQ:CELH). The institutional investor has increased its shareholding in the Consumer Defensive company by 21.52% to 2.1 million shares with purchase of 0.37 million shares. This fresh investment now brings its stake to 3.02% valued currently at $30.86 million. In addition, Cowbird Capital LP raised its holdings by 0.14 million to 1.04 million shares. And SSgA Funds Management, Inc. has lifted its position by 37.32% or 0.16 million shares – to 0.59 million shares.
With over 1.19 million Celsius Holdings Inc. (CELH) shares trading Monday and a closing price of $19.42 on the day, the dollar volume was approximately $23.19 million. The shares have shown a negative weekly performance of -8.40% and its price on 08/31/20 lost nearly -5.45%. Currently, there are 69.40M common shares owned by the public and among those 25.89M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for CELH have a consensus price objective of $25.38. The analysts have set the share’s price value over the next 12 months at a high of $27.00 and a low of $23.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Celsius Holdings Inc. stock is 1.70 for the next 12 months. The average price target is 23.48% above its last price level and an upside to the estimated low will see the stock gain 17.36% over that period. But an upside of 28.07% will see the stock hit the forecast high price target while mean target price for the stock is $25.50.
Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 10,623,583 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 135,000 shares.
The top 3 mutual fund holders in Celsius Holdings Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.76 million shares of the company’s stock, all valued at over $11.15 million. iShares Russell 2000 ETF sold 32844.0 shares to see its total holdings shrink to 0.7 million shares valued at over $10.33 million and representing 1.01% of the shares outstanding. Vanguard Extended Market Index Fu sold 1099.0 shares to bring its total holdings to over 0.45 million shares at a value of $6.59 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.65% of the shares outstanding.
Shares of Celsius Holdings Inc. (NASDAQ: CELH) opened at $20.32, down -$0.22 from a prior closing price of $20.54. However, the script later closed the day at $19.42, down -5.45%. The company’s stock has a 5-day price change of -8.40% and 118.45% over the past three months. CELH shares are trading 302.07% year to date (YTD), with the 12-month market performance up to 373.66% higher. It has a 12-month low price of $3.06 and touched a high of $26.76 over the same period. Currently, 1.19 million shares have been traded, compared to an average intraday trading volume of 889.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.30%, 22.04%, and 138.24% respectively.
Institutional ownership of Celsius Holdings Inc. (NASDAQ: CELH) shares accounts for 46.20% of the company’s 69.40M shares outstanding. Mutual fund holders own 6.54%, while other institutional holders and individual stakeholders account for 65.03% and 39.33% respectively.
It has a market capitalization of $1.37B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 511.05, while the earnings-per-share (ttm) stands at $0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.34% over the week and 9.51% over the month.
Analysts forecast that Celsius Holdings Inc. (CELH) will achieve an EPS of $0.02 for the current quarter, $0.02 for the next quarter and $0.18 for 2021. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 172.10%, and 128.21% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Celsius Holdings Inc. (CELH) as a “Strong Buy” at a consensus score of 1.70. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CELH, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on April 30, 2020, with the firm’s price target at $10. Maxim Group coverage for the Celsius Holdings Inc. (CELH) stock in a research note released on February 01, 2018 offered a Buy rating with a price target of $8.