nVerses Capital LLC Invests $72,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

nVerses Capital LLC purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,300 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CELH. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius during the first quarter worth about $25,000. S.A. Mason LLC bought a new stake in Celsius during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius during the third quarter valued at approximately $34,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after buying an additional 505 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CELH shares. Truist Financial raised their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. LADENBURG THALM/SH SH cut their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. UBS Group cut their target price on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, B. Riley decreased their price target on Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Celsius Stock Down 4.1 %

NASDAQ CELH opened at $32.46 on Tuesday. The company has a market cap of $7.57 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. The firm’s 50-day simple moving average is $34.63 and its two-hundred day simple moving average is $55.39. Celsius Holdings, Inc. has a 52 week low of $28.20 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. Celsius’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. As a group, equities research analysts anticipate that Celsius Holdings, Inc. will post 0.82 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.