Avantax Advisory Services Inc. Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Avantax Advisory Services Inc. acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, HoldingsChannel reports. The fund acquired 8,156 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors also recently modified their holdings of CELH. HM Payson & Co. grew its holdings in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the period. S.A. Mason LLC lifted its position in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after acquiring an additional 1,114 shares during the period. Blue Trust Inc. increased its holdings in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares during the last quarter. Finally, Knuff & Co LLC acquired a new stake in Celsius during the 4th quarter valued at $50,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CELH shares. UBS Group decreased their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. JPMorgan Chase & Co. assumed coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Roth Mkm reiterated a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. Finally, B. Riley restated a “buy” rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Trading Down 1.0 %

Shares of NASDAQ:CELH opened at $34.90 on Thursday. The firm has a 50 day moving average of $26.58 and a 200-day moving average of $28.78. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The stock has a market capitalization of $8.21 billion, a PE ratio of 79.32, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, research analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.