Janney Montgomery Scott LLC Invests $984,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Janney Montgomery Scott LLC acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the 3rd quarter, HoldingsChannel reports. The firm acquired 31,377 shares of the company’s stock, valued at approximately $984,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vontobel Holding Ltd. lifted its position in shares of Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after buying an additional 22,786 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in Celsius during the second quarter worth about $20,024,000. LRI Investments LLC purchased a new position in shares of Celsius in the first quarter worth about $134,000. Cetera Investment Advisers raised its position in shares of Celsius by 189.3% in the second quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after purchasing an additional 122,011 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Celsius during the 1st quarter valued at approximately $563,000. 60.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Maxim Group lowered their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus decreased their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Piper Sandler cut their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. LADENBURG THALM/SH SH reduced their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Finally, Jefferies Financial Group lowered their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Insider Activity 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 completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by insiders.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $25.66 on Friday. The company’s fifty day moving average price is $31.41 and its 200-day moving average price is $49.62. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.07 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $25.50 and a one year high of $99.62.

Celsius 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.