Edgestream Partners L.P. Acquires 10,119 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Edgestream Partners L.P. grew its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 177.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,834 shares of the company’s stock after acquiring an additional 10,119 shares during the quarter. Edgestream Partners L.P.’s holdings in Celsius were worth $904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CELH. Transcendent Capital Group LLC acquired a new position in Celsius during the 4th quarter worth approximately $25,000. FinTrust Capital Advisors LLC acquired a new position in shares of Celsius during the first quarter worth $25,000. Tidemark LLC bought a new position in shares of Celsius in the 4th quarter valued at $29,000. Heritage Wealth Advisors grew its position in Celsius by 200.0% during the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock worth $30,000 after acquiring an additional 368 shares during the last quarter. Finally, S.A. Mason LLC bought a new stake in Celsius during the 2nd quarter worth $30,000. Institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Celsius Price Performance

CELH stock opened at $33.17 on Friday. The company’s 50-day moving average is $40.38 and its 200-day moving average is $63.78. The stock has a market capitalization of $7.73 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a 1 year low of $31.55 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. On average, analysts anticipate that Celsius Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group cut their price target on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial reduced their target price on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Wedbush dropped their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Jefferies Financial Group reduced their price objective on shares of Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Stifel Nicolaus lowered their target price on Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.64.

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.