Northwestern Mutual Wealth Management Co. Buys 289 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Northwestern Mutual Wealth Management Co. grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 12.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,567 shares of the company’s stock after acquiring an additional 289 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Celsius were worth $147,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after buying an additional 127 shares during the period. Moody National Bank Trust Division increased its position in Celsius by 1.1% during the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after purchasing an additional 181 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Celsius by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after purchasing an additional 249 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Celsius by 62.5% during the first quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock valued at $57,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Celsius stock opened at $34.91 on Friday. Celsius Holdings, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $99.62. The company has a market cap of $8.14 billion, a PE ratio of 38.36, a PEG ratio of 2.45 and a beta of 1.84. The business’s 50-day simple moving average is $35.54 and its two-hundred day simple moving average is $58.20.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The company 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%. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. As a group, analysts predict that Celsius Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. B. Riley lowered their target price on Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Maxim Group cut their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Truist Financial lowered their price target on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 6th. UBS Group decreased their target price on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, BNP Paribas began coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.93.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the company’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 sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

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.