American Century Companies Inc. Sells 107,139 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

American Century Companies Inc. lessened its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 9.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,004,977 shares of the company’s stock after selling 107,139 shares during the period. American Century Companies Inc. owned 0.43% of Celsius worth $57,374,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in CELH. FinTrust Capital Advisors LLC bought a new stake in Celsius in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 374 shares during the period. Rise Advisors LLC increased its stake in shares of Celsius by 1,370.0% in the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Celsius in the 4th quarter valued at approximately $25,000. Finally, Beacon Capital Management LLC bought a new position in Celsius during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ CELH opened at $33.69 on Monday. The business has a 50-day moving average of $42.71 and a 200-day moving average of $65.39. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a fifty-two week low of $31.55 and a fifty-two week 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. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, sell-side analysts expect that Celsius Holdings, Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a report on Tuesday, August 20th. Piper Sandler decreased their target price on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Truist Financial cut their price objective on Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Wedbush lowered their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, TD Cowen cut their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.64.

Celsius Company Profile

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.