Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 107.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 65,400 shares of the company’s stock after buying an additional 33,805 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Celsius were worth $1,723,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CELH. Avantax Advisory Services Inc. purchased a new position in Celsius during the fourth quarter worth about $215,000. Farther Finance Advisors LLC increased its position in Celsius by 32.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company’s stock worth $66,000 after purchasing an additional 614 shares during the period. Knuff & Co LLC purchased a new position in shares of Celsius during the 4th quarter worth approximately $50,000. Inspire Advisors LLC lifted its holdings in shares of Celsius by 72.3% in the 4th quarter. Inspire Advisors LLC now owns 19,022 shares of the company’s stock valued at $501,000 after buying an additional 7,979 shares during the period. Finally, Future Fund LLC boosted its stake in shares of Celsius by 246.5% in the fourth quarter. Future Fund LLC now owns 28,817 shares of the company’s stock valued at $759,000 after buying an additional 20,500 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Down 4.3 %

Shares of NASDAQ:CELH opened at $33.65 on Friday. The company has a market capitalization of $7.91 billion, a P/E ratio of 76.48, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85. The stock’s fifty day simple moving average is $26.86 and its 200-day simple moving average is $28.83.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CELH shares. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Needham & Company LLC increased their target price on shares of Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.41.

Insider Buying and Selling

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

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.