Federated Hermes Inc. Has $768,000 Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Federated Hermes Inc. reduced its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,444 shares of the company’s stock after selling 1,391 shares during the quarter. Federated Hermes Inc.’s holdings in Celsius were worth $768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd grew its holdings in Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Celsius by 0.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after buying an additional 181 shares during the period. Moody National Bank Trust Division grew its holdings in shares of Celsius by 1.1% in the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after buying an additional 181 shares during the period. Bleakley Financial Group LLC increased its position in shares of Celsius by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after buying an additional 215 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Celsius by 4.3% during the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after buying an additional 249 shares during the period. 60.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Roth Mkm dropped their target price on shares of Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Piper Sandler reduced their price target on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Finally, BNP Paribas began coverage on shares of Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective on the stock. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.64.

Celsius Trading Down 2.6 %

Shares of CELH opened at $33.17 on Monday. The company’s fifty day simple moving average is $40.38 and its 200 day simple moving average is $63.61. Celsius Holdings, Inc. has a 1-year low of $31.55 and a 1-year high of $99.62. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.46 and a beta of 1.85.

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

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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.