IFP Advisors Inc Grows Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

IFP Advisors Inc lifted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,285 shares of the company’s stock after buying an additional 5,315 shares during the quarter. IFP Advisors Inc’s holdings in Celsius were worth $799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Celsius by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after acquiring an additional 337 shares during the period. Signaturefd LLC lifted its holdings in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. increased its stake in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Celsius by 6.6% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock worth $248,000 after purchasing an additional 586 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CELH. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective on the stock. Jefferies Financial Group dropped their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Needham & Company LLC upped their target price on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Roth Mkm reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average price target of $47.78.

Celsius Stock Performance

CELH opened at $25.99 on Friday. The business’s 50 day moving average price is $25.94 and its 200 day moving average price is $30.05. The stock has a market capitalization of $6.11 billion, a PE ratio of 59.07, a P/E/G ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. As a group, equities research analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

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.