DekaBank Deutsche Girozentrale Acquires 13,081 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

DekaBank Deutsche Girozentrale boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 49.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,734 shares of the company’s stock after acquiring an additional 13,081 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Celsius were worth $2,327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Celsius by 183.6% during the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after purchasing an additional 8,899,873 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after buying an additional 2,306,598 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Celsius by 424.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after acquiring an additional 2,261,046 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Celsius by 188.8% during the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after acquiring an additional 1,934,400 shares during the period. Finally, Artisan Partners Limited Partnership bought a new position in Celsius in the fourth quarter valued at about $101,116,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BNP Paribas started coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. Piper Sandler dropped their price target on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Maxim Group dropped their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, TD Cowen reduced their price target on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.64.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $34.28 on Thursday. The stock has a market capitalization of $7.99 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85. The company’s 50-day moving average price is $41.39 and its two-hundred day moving average price is $64.52. Celsius Holdings, Inc. has a one year low of $31.55 and a one year high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.17 earnings per share. On average, analysts anticipate that Celsius Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by 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.