Celsius Holdings, Inc. (NASDAQ:CELH) Holdings Cut by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 4.7% during the third quarter, HoldingsChannel.com reports. The fund owned 360,702 shares of the company’s stock after selling 17,744 shares during the period. Victory Capital Management Inc.’s holdings in Celsius were worth $11,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. S.A. Mason LLC bought a new position in Celsius in the second quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its holdings in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius in the third quarter worth about $34,000. Signaturefd LLC lifted its holdings in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after buying an additional 505 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction 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 $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CELH. TD Cowen cut their price target on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. B. Riley cut their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group cut their price target on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Finally, Piper Sandler lowered their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. One research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Performance

CELH opened at $27.71 on Thursday. The business has a 50 day moving average price of $31.16 and a 200 day moving average price of $48.63. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62. The firm has a market cap of $6.51 billion, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 2.95 and a beta of 1.86.

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.