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

Garden State Investment Advisory Services LLC purchased a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,608 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also modified their holdings of CELH. Transcendent Capital Group LLC bought a new position in shares of Celsius in the fourth quarter worth approximately $25,000. FinTrust Capital Advisors LLC purchased a new position in shares of Celsius in the first quarter worth $25,000. Tidemark LLC purchased a new position in shares of Celsius in the fourth quarter worth $29,000. Heritage Wealth Advisors lifted its holdings in shares of Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock worth $30,000 after buying an additional 368 shares in the last quarter. Finally, S.A. Mason LLC purchased a new position in shares of Celsius in the second quarter worth $30,000. 60.95% of the stock is currently owned by institutional investors.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm’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 completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the topic of several research analyst reports. Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a report on Tuesday, August 20th. Piper Sandler lowered their target price on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. BNP Paribas initiated coverage on shares of Celsius in a research note on Monday, June 24th. They set an “outperform” rating and a $87.00 price target on the stock. Finally, Truist Financial decreased their price target on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. 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, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $57.64.

Celsius Trading Down 2.6 %

Celsius stock opened at $33.17 on Friday. The firm has a 50-day moving average price of $40.38 and a 200-day moving average price of $63.78. The firm has a market capitalization of $7.73 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a 12-month low of $31.55 and a 12-month high of $99.62.

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