Bridges Investment Management Inc. Takes $833,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Bridges Investment Management Inc. bought a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,597 shares of the company’s stock, valued at approximately $833,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CELH. Precision Wealth Strategies LLC increased its stake in shares of Celsius by 199.3% during the fourth quarter. Precision Wealth Strategies LLC now owns 6,004 shares of the company’s stock worth $327,000 after buying an additional 3,998 shares during the period. Teacher Retirement System of Texas increased its position in shares of Celsius by 4.2% in the 4th quarter. Teacher Retirement System of Texas now owns 6,885 shares of the company’s stock valued at $375,000 after purchasing an additional 280 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Celsius by 215.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock valued at $26,577,000 after purchasing an additional 332,980 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Celsius during the 4th quarter worth $587,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Celsius by 308.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,810 shares of the company’s stock worth $99,000 after purchasing an additional 1,367 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CELH. Jefferies Financial Group decreased their price target on Celsius from $68.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, September 5th. BNP Paribas assumed coverage on Celsius in a report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Maxim Group lowered their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Truist Financial decreased their target price on shares of Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.64.

Celsius Price Performance

CELH opened at $33.17 on Friday. The business has a 50 day simple moving average of $40.38 and a 200-day simple moving average of $63.94. Celsius Holdings, Inc. has a 12 month low of $31.55 and a 12 month high of $99.62. The stock has a market capitalization of $7.73 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.46 and a beta of 1.85.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Research analysts anticipate that Celsius Holdings, Inc. will post 0.83 EPS for the current year.

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.