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Caroline Levy, a director at Celsius Holdings Inc. (NASDAQ:CELH), recently sold a significant portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Levy sold 70,000 shares of Celsius Holdings at a weighted average price of $26.84 per share, totaling approximately $1.88 million. The shares were sold in multiple transactions, with prices ranging from $26.72 to $26.99. The sale comes as the stock shows signs of being undervalued according to InvestingPro analysis, despite falling 71% over the past year.
Prior to the sale, Levy acquired 70,000 shares through the exercise of stock options at a price of $4.84 per share. Following these transactions, Levy holds 42,756 shares of Celsius Holdings. The $6.23 billion market cap company maintains strong financial health, with InvestingPro data showing a "GREAT" overall score and robust current ratio of 3.62.
Celsius Holdings, based in Boca Raton, Florida, is known for its line of health-oriented beverages. The company generated $1.36 billion in revenue over the last twelve months, with analysts expecting continued growth this year. Get deeper insights into CELH’s valuation and growth prospects with the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Celsius Holdings has announced the anticipated acquisition of Alani Nutrition, expected to close in April 2025. This development follows the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, allowing the transaction to proceed. Meanwhile, Celsius Holdings has appointed Eric Hanson as its new President and Chief Operating Officer. Hanson’s extensive experience, including his previous role at PepsiCo (NASDAQ:PEP), is seen as a strategic move to enhance the company’s growth and operational excellence.
Analysts at Needham and Jefferies have both raised their price targets for Celsius Holdings to $40, maintaining a Buy rating. They view the Alani Nu acquisition as a positive step, expected to be accretive to earnings and beneficial for market position. Needham highlighted Celsius Holdings’ better-than-expected recent quarter performance and has revised revenue, earnings, and EBITDA forecasts upwards. Jefferies projects a significant increase in sales and adjusted EBITDA due to the acquisition, further supporting the company’s growth trajectory.
Celsius Holdings’ recent leadership change and acquisition efforts are part of its broader strategy to capitalize on market opportunities. The company’s expectations for revenue, operating costs, and profitability remain optimistic, although potential risks and uncertainties are acknowledged. These developments are based on press releases and SEC filings from Celsius Holdings.
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