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

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 87,993 call options on the company. This represents an increase of 44% compared to the average volume of 61,307 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CELH shares. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC began coverage on shares of Celsius in a research report on Friday, December 6th. They set a “buy” rating and a $38.00 target price on the stock. Maxim Group lowered their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Jefferies Financial Group lowered their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $53.38.

Celsius Stock Performance

Shares of CELH opened at $29.76 on Thursday. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 3.25 and a beta of 1.76. The company’s 50 day simple moving average is $29.97 and its 200 day simple moving average is $42.24. Celsius has a 1 year low of $25.23 and a 1 year high of $99.62.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently modified their holdings of CELH. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Celsius during the third quarter worth approximately $34,000. Signaturefd LLC increased its position in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in Celsius during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

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.