Celsius Holdings, Inc. (NASDAQ:CELH) Stock Holdings Lifted by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 269.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,917 shares of the company’s stock after purchasing an additional 7,234 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Celsius were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its position in shares of Celsius by 41.4% in the second quarter. Sunbelt Securities Inc. now owns 3,357 shares of the company’s stock worth $192,000 after buying an additional 983 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Celsius by 12.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after buying an additional 289 shares during the last quarter. Creative Planning lifted its position in shares of Celsius by 48.8% in the second quarter. Creative Planning now owns 21,494 shares of the company’s stock worth $1,227,000 after buying an additional 7,051 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Celsius in the second quarter worth about $209,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Celsius by 26.1% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 16,933 shares of the company’s stock worth $967,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $30.25 on Friday. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.45 and a beta of 1.84. The business’s fifty day moving average price is $36.78 and its two-hundred day moving average price is $59.66. Celsius Holdings, Inc. has a 52 week low of $29.65 and a 52 week 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 for the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. As a group, research analysts forecast that Celsius Holdings, Inc. will post 0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

CELH has been the subject of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Truist Financial cut their price objective on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 6th. Jefferies Financial Group cut their price objective on Celsius from $68.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. TD Cowen cut their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Wedbush cut their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $57.29.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

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.