Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 21.3% during the fourth quarter, Holdings Channel reports. The institutional investor 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.

Several other hedge funds have also recently added to or reduced their stakes in CELH. Charles Schwab Investment Management Inc. increased its position in shares of Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Celsius by 85.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after buying an additional 26,801 shares during the last quarter. Van ECK Associates Corp raised its stake in Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. lifted its holdings in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after buying an additional 25,315 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Celsius during the 3rd quarter worth about $2,772,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group cut their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Needham & Company LLC upped their price objective on shares of Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group decreased their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.78.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction 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 completion of 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 ownership of the stock. The sale 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 corporate insiders.

Celsius Trading Down 4.4 %

Shares of Celsius stock opened at $25.99 on Friday. The company has a fifty day moving average price of $25.94 and a 200 day moving average price of $30.05. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $99.62. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 59.07, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

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.