Peregrine Capital Management LLC Has $10.13 Million Stock Position in Celsius Holdings Inc. $CELH

Peregrine Capital Management LLC increased its position in Celsius Holdings Inc. (NASDAQ:CELH) by 20.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 221,483 shares of the company’s stock after buying an additional 38,052 shares during the period. Peregrine Capital Management LLC’s holdings in Celsius were worth $10,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new position in shares of Celsius during the 3rd quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new stake in Celsius during the 4th quarter valued at approximately $31,000. Brown Brothers Harriman & Co. grew its holdings in Celsius by 1,020.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after buying an additional 500 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in Celsius in the 4th quarter worth approximately $46,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Celsius by 244.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after buying an additional 794 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating on shares of Celsius in a research note on Monday, February 9th. Citigroup reduced their price target on shares of Celsius from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Needham & Company LLC raised their price target on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft raised shares of Celsius from a “hold” rating to a “buy” rating and cut their price objective for the company from $56.00 to $44.00 in a research report on Monday, March 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $65.00 target price (up from $61.00) on shares of Celsius in a research report on Thursday, January 29th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.89.

Celsius Stock Performance

CELH stock traded up $0.14 during midday trading on Thursday, hitting $33.40. The stock had a trading volume of 292,586 shares, compared to its average volume of 5,759,656. Celsius Holdings Inc. has a 52 week low of $32.30 and a 52 week high of $66.74. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.57. The stock has a 50-day simple moving average of $40.83 and a 200 day simple moving average of $47.03. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 133.80, a P/E/G ratio of 1.18 and a beta of 1.13.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $721.63 million for the quarter, compared to analyst estimates of $638.17 million. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The business’s revenue for the quarter was up 117.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. As a group, equities research analysts anticipate that Celsius Holdings Inc. will post 1.59 earnings per share for the current year.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.