Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC decreased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 58.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 383,630 shares of the company’s stock after selling 536,917 shares during the quarter. Driehaus Capital Management LLC owned about 0.16% of Celsius worth $21,901,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of Celsius by 123.5% during the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after purchasing an additional 324,049 shares during the last quarter. LRI Investments LLC acquired a new position in Celsius in the first quarter valued at $134,000. Lighthouse Investment Partners LLC acquired a new position in Celsius in the second quarter valued at $20,024,000. O Shaughnessy Asset Management LLC acquired a new position in Celsius in the first quarter valued at $563,000. Finally, Advisors Asset Management Inc. acquired a new position in Celsius in the first quarter valued at $509,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Piper Sandler reduced their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. UBS Group reduced their target price on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 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. Finally, Jefferies Financial Group cut their price objective on Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $57.29.

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $32.53 on Friday. Celsius Holdings, Inc. has a 1 year low of $30.86 and a 1 year high of $99.62. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 2.45 and a beta of 1.85. The stock’s 50-day simple moving average is $38.43 and its 200-day simple moving average is $62.00.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.17 earnings per share. As a group, research analysts predict that Celsius Holdings, Inc. will post 0.82 EPS for the current year.

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.