Raymond James & Associates Raises Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Raymond James & Associates boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217,809 shares of the company’s stock after acquiring an additional 18,686 shares during the period. Raymond James & Associates owned about 0.09% of Celsius worth $6,830,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Celsius by 18.7% during the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after purchasing an additional 2,567,290 shares during the last quarter. Capital International Investors lifted its position in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after buying an additional 2,754,722 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after buying an additional 790,014 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Celsius by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock worth $232,365,000 after acquiring an additional 9,054 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CELH shares. Truist Financial raised their price objective on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. 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 report on Wednesday, August 7th. B. Riley decreased their price objective on Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus lowered their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Piper Sandler reduced their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Celsius Stock Down 1.1 %

Shares of Celsius stock opened at $30.69 on Thursday. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. Celsius Holdings, Inc. has a 52-week low of $28.20 and a 52-week high of $99.62. The company’s 50-day simple moving average is $33.55 and its 200-day simple moving average is $53.21.

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

Celsius 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.