Investors Purchase High Volume of Call Options on Celsius (NASDAQ:CELH)
by Danessa Lincoln · The Markets DailyCelsius Holdings Inc. (NASDAQ:CELH – Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors acquired 107,591 call options on the company. This represents an increase of approximately 430% compared to the typical daily volume of 20,292 call options.
Celsius Stock Down 3.0%
Shares of NASDAQ:CELH traded down $1.07 during trading on Wednesday, reaching $34.41. 4,739,801 shares of the stock traded hands, compared to its average volume of 5,557,298. The stock has a market cap of $8.84 billion, a P/E ratio of 137.16, a price-to-earnings-growth ratio of 1.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.68. The stock has a 50-day moving average of $46.26 and a two-hundred day moving average of $49.29. Celsius has a 52-week low of $32.36 and a 52-week high of $66.74.
Celsius (NASDAQ:CELH – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The company had revenue of $721.63 million during the quarter, compared to analyst estimates of $638.17 million. During the same period in the previous year, the business earned ($0.11) EPS. The firm’s revenue for the quarter was up 117.2% on a year-over-year basis. As a group, sell-side analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Bank of America raised Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, February 27th. UBS Group reiterated a “buy” rating and set a $70.00 price objective (up from $65.00) on shares of Celsius in a research note on Wednesday, January 14th. KeyCorp started coverage on Celsius in a report on Tuesday, December 16th. They issued a “sector weight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Celsius from a “hold” rating to a “buy” rating and cut their target price for the stock from $56.00 to $44.00 in a research note on Monday. Twenty investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $66.61.
View Our Latest Stock Report on CELH
Institutional Investors Weigh In On Celsius
Institutional investors have recently modified their holdings of the business. Harbor Investment Advisory LLC purchased a new position in Celsius in the 3rd quarter worth about $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Celsius during the fourth quarter valued at approximately $31,000. Fideuram Asset Management Ireland dac bought a new position in Celsius during the fourth quarter valued at approximately $31,000. Brown Brothers Harriman & Co. boosted its holdings in Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new stake in Celsius in the fourth quarter worth approximately $46,000. 60.95% of the stock is owned by hedge funds and other institutional investors.
About Celsius
Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.
In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.