Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Xponance Inc.

Xponance Inc. lowered its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,129 shares of the company’s stock after selling 6,290 shares during the period. Xponance Inc.’s holdings in Celsius were worth $899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares during the last quarter. S.A. Mason LLC lifted its stake in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares during the period. Blue Trust Inc. increased its position in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares in the last quarter. Finally, Knuff & Co LLC acquired a new stake in shares of Celsius during the fourth quarter valued at approximately $50,000. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CELH. Piper Sandler lowered their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. Stifel Nicolaus dropped their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. B. Riley reaffirmed a “buy” rating and set a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Needham & Company LLC boosted their target price on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Celsius Stock Performance

Celsius stock opened at $34.88 on Tuesday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The firm has a market capitalization of $8.20 billion, a PE ratio of 79.27, a PEG ratio of 2.90 and a beta of 1.90. The business’s 50-day simple moving average is $26.26 and its 200-day simple moving average is $28.71.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million during 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%. Research analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

About Celsius

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.