PrairieView Partners LLC Takes $57,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

PrairieView Partners LLC acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $57,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Celsius by 18.7% in the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares during the last quarter. Capital International Investors boosted its holdings in shares of Celsius by 50.6% in the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after acquiring an additional 1,333,217 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after purchasing an additional 2,306,598 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after purchasing an additional 1,934,400 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after purchasing an additional 790,014 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CELH shares. Truist Financial reduced their price objective on shares of Celsius from $60.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Bank of America cut shares of Celsius from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $60.00 to $32.00 in a research report on Thursday, August 8th. B. Riley reduced their price objective on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their price objective on shares of Celsius from $98.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Roth Mkm reduced their price objective on shares of Celsius from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus price target of $64.79.

Celsius Trading Up 1.1 %

Shares of CELH opened at $38.03 on Monday. The firm has a market capitalization of $8.86 billion, a P/E ratio of 41.79, a P/E/G ratio of 1.57 and a beta of 1.90. The firm has a 50-day moving average price of $47.46 and a 200 day moving average price of $67.57. Celsius Holdings, Inc. has a 12-month low of $36.17 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. Celsius’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Equities research analysts predict that Celsius Holdings, Inc. will post 1 earnings per share for the current fiscal 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.