Raymond James & Associates Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Raymond James & Associates grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,809 shares of the company’s stock after buying an additional 18,686 shares during the period. Raymond James & Associates’ holdings in Celsius were worth $6,830,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CELH. Covestor Ltd raised its position in shares of Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after buying an additional 127 shares during the last quarter. Moody National Bank Trust Division raised its holdings in Celsius by 1.1% in the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after acquiring an additional 181 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Celsius by 1.2% during the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock worth $1,539,000 after purchasing an additional 215 shares during the period. Tidal Investments LLC boosted its holdings in shares of Celsius by 4.3% during the first 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 last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Celsius by 1.7% in the first quarter. Daiwa Securities Group Inc. now owns 16,646 shares of the company’s stock valued at $1,380,000 after purchasing an additional 271 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on CELH shares. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. TD Cowen decreased their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. LADENBURG THALM/SH SH dropped their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Piper Sandler decreased their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Finally, Roth Mkm dropped their price objective on Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Transactions at Celsius

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

Celsius Price Performance

NASDAQ:CELH opened at $30.69 on Thursday. Celsius Holdings, Inc. has a 12 month low of $28.20 and a 12 month high of $99.62. The business’s 50-day moving average is $33.55 and its two-hundred day moving average is $53.21. The firm has a market capitalization of $7.15 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84.

Celsius (NASDAQ:CELH) last announced its 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 business had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same period last year, the business posted $0.17 EPS. The company’s revenue was up 23.4% on a year-over-year basis. Equities analysts anticipate that Celsius Holdings, Inc. will post 0.82 EPS for the current 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.