The Vanguard Group, Inc. 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 18.78% to 14.31 million shares with purchase of 2.26 million shares. This fresh investment now brings its stake to 6.18% valued currently at $708.71 million. In addition, BlackRock Fund Advisors raised its holdings by 1.15 million to 12.08 million shares. And SSgA Funds Management, Inc. has lifted its position by 9.63% or 0.36 million shares – to 4.12 million shares.
With over 5.47 million Celsius Holdings Inc (CELH) shares trading Tuesday and a closing price of $58.08 on the day, the dollar volume was approximately $317.95 million. The shares have shown a positive half year performance of 19.51% and its price on 01/09/24 lost nearly -0.12%. Currently, there are 229.15M common shares owned by the public and among those 144.95M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for CELH have a consensus price objective of $71.94. The analysts have set the share’s price value over the next 12 months at a high of $83.33 and a low of $64.00. The average price target is 19.27% above its recent price level and an upside to the estimated low will see the stock gain 9.25% over that period. But an upside of 30.3% will see the stock hit the forecast high price target while median target price for the stock is $71.17.
Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 9,725,410 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 3,949,373 shares.
The top 3 mutual fund holders in Celsius Holdings Inc are Fidelity Blue Chip Growth Fund, JPMorgan Large Cap Growth Fund, and Vanguard Total Stock Market ETF. Fidelity Blue Chip Growth Fund owns 7.29 million shares of the company’s stock, all valued at over $361.09 million. The company sold -1.33 million shares recently to bring their total holdings to about 3.15% of the shares outstanding. Vanguard Total Stock Market ETF bought 5822.0 shares to bring its total holdings to over 4.69 million shares at a value of $232.41 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.03% of the shares outstanding.
Shares of Celsius Holdings Inc (NASDAQ: CELH) opened at $58.03, down -$0.12 from a prior closing price of $58.15. The company’s stock has a 5-day price change of -1.61% and 9.88% over the past three months. CELH shares are trading 6.53% year to date (YTD), with the 12-month market performance up to 79.15% higher. It has a 12-month low price of $26.75 and touched a high of $68.95 over the same period. CELH has an average intraday trading volume of 4.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.86%, 9.12%, and 17.70% respectively.
Institutional ownership of Celsius Holdings Inc (NASDAQ: CELH) shares accounts for 61.14% of the company’s 229.15M shares outstanding. Mutual fund holders own 23.22%, while other institutional holders and individual stakeholders account for 38.09% and 23.15% respectively.
It has a market capitalization of $13.46B and a beta (3y monthly) value of 1.72. The stock’s trailing 12-month PE ratio is 117.95, while the earnings-per-share (ttm) stands at $0.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.03% over the week and 5.30% over the month.
Analysts forecast that Celsius Holdings Inc (CELH) will achieve an EPS of $0.16 for the current quarter, $0.19 for the next quarter and $0.99 for 2024. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.22. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 187.86%, and 22.23% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Celsius Holdings Inc (CELH) as a “Strong Buy” at a consensus score of 1.47. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 2 of the 15 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. Jefferies stated their Buy rating for the stock in a research note on November 13, 2023, with the firm’s price target at $217.
