Blue Trust Inc. Purchases 549 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Blue Trust Inc. grew its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 69.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,345 shares of the company’s stock after acquiring an additional 549 shares during the period. Blue Trust Inc.’s holdings in Celsius were worth $42,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius in the first quarter valued at approximately $25,000. S.A. Mason LLC acquired a new stake in Celsius during the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC grew its holdings in Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius during the 3rd quarter worth $34,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares during the period. Institutional investors own 60.95% of the company’s stock.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on CELH shares. UBS Group lowered their target price on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. TD Cowen decreased their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group decreased their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Truist Financial boosted their price target on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Maxim Group decreased their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $31.48 on Friday. The company’s 50-day moving average price is $32.99 and its two-hundred day moving average price is $52.60. Celsius Holdings, Inc. has a one year low of $28.20 and a one year high of $99.62. The stock has a market capitalization of $7.34 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.38 and a beta of 1.84.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. Celsius’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. On average, analysts anticipate that Celsius Holdings, Inc. will post 0.79 earnings per share for the current fiscal 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.