Commonwealth Equity Services LLC Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Commonwealth Equity Services LLC boosted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 107.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 65,400 shares of the company’s stock after purchasing an additional 33,805 shares during the period. Commonwealth Equity Services LLC’s holdings in Celsius were worth $1,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HM Payson & Co. grew its stake in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 550 shares in the last quarter. S.A. Mason LLC grew its position in Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares in the last quarter. GAMMA Investing LLC increased its stake in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after purchasing an additional 1,114 shares during the period. Blue Trust Inc. lifted its position in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Knuff & Co LLC purchased a new position in shares of Celsius in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CELH shares. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. UBS Group lowered their target price on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler cut their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. started coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.41.

Insider Buying and Selling at Celsius

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $33.65 on Friday. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The firm has a market capitalization of $7.91 billion, a P/E ratio of 76.48, a P/E/G ratio of 2.90 and a beta of 1.90. The company’s fifty day moving average price is $26.86 and its 200 day moving average price is $28.83.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 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.