Traders Buy High Volume of Call Options on Celsius (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) saw unusually large options trading activity on Tuesday. Stock traders purchased 87,993 call options on the stock. This is an increase of approximately 44% compared to the average daily volume of 61,307 call options.

Institutional Trading of Celsius

Hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors increased its stake in Celsius by 4.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after buying an additional 289 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Celsius by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after buying an additional 289 shares during the period. Assenagon Asset Management S.A. increased its stake in Celsius by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares during the period. Arizona State Retirement System increased its stake in Celsius by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock valued at $2,376,000 after buying an additional 375 shares during the period. Finally, Signaturefd LLC increased its stake in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Celsius Stock Performance

Celsius stock opened at $29.76 on Thursday. The firm’s 50-day moving average is $29.97 and its 200-day moving average is $42.24. Celsius has a 1 year low of $25.23 and a 1 year high of $99.62. The company has a market cap of $6.99 billion, a P/E ratio of 41.33, a PEG ratio of 3.25 and a beta of 1.76.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CELH. UBS Group dropped their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Maxim Group dropped their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Piper Sandler lowered their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Finally, Bank of America lowered their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $53.38.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.