Objectivity Squared LLC Takes $231,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Objectivity Squared LLC purchased a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently made changes to their positions in CELH. Transcendent Capital Group LLC purchased a new stake in Celsius in the fourth quarter worth approximately $25,000. FinTrust Capital Advisors LLC purchased a new stake in Celsius in the first quarter worth approximately $25,000. S.A. Mason LLC purchased a new stake in Celsius in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares during the last quarter. Finally, Rise Advisors LLC raised its position in Celsius by 1,370.0% in the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America dropped their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Piper Sandler dropped their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Truist Financial dropped their price target on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. Maxim Group dropped their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, B. Riley lowered their target price on shares of Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.29.

Celsius Trading Up 1.1 %

Shares of CELH traded up $0.33 during mid-day trading on Wednesday, hitting $29.07. The company’s stock had a trading volume of 2,396,733 shares, compared to its average volume of 5,392,148. The company’s 50-day moving average is $36.07 and its 200-day moving average is $58.56. Celsius Holdings, Inc. has a 52-week low of $28.20 and a 52-week high of $99.62. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 2.45 and a beta of 1.84.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. During the same quarter in the prior year, the business posted $0.17 EPS. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, sell-side analysts predict that Celsius Holdings, Inc. will post 0.82 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% 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.