5,560 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Bought by RIA Advisory Group LLC

RIA Advisory Group LLC bought a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,560 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. Heritage Wealth Advisors acquired a new position in shares of Celsius during the third quarter worth $32,000. St. Johns Investment Management Company LLC acquired a new position in shares of Celsius during the third quarter worth $34,000. Parkside Financial Bank & Trust acquired a new position in shares of Celsius during the second quarter worth $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Celsius during the third quarter worth $36,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, major shareholder Deborah Desantis sold 127,838 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $42.90, for a total value of $5,484,250.20. Following the completion of the transaction, the insider now directly owns 30,576,919 shares of the company’s stock, valued at approximately $1,311,749,825.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Deborah Desantis sold 127,838 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $42.90, for a total transaction of $5,484,250.20. Following the sale, the insider now owns 30,576,919 shares in the company, valued at $1,311,749,825.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William H. Milmoe sold 129,658 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $47.49, for a total value of $6,157,458.42. Following the sale, the insider now owns 31,413,662 shares in the company, valued at approximately $1,491,834,808.38. The disclosure for this sale can be found here. In the last three months, insiders sold 1,034,321 shares of company stock valued at $60,664,473. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CELH. Stifel Europe upped their target price on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Roth Mkm upped their target price on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Maxim Group upped their target price on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Piper Sandler upped their target price on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Jefferies Financial Group upped their target price on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.10.

Celsius Price Performance

Shares of CELH stock traded down $1.13 during trading hours on Friday, reaching $68.84. 3,548,165 shares of the company’s stock were exchanged, compared to its average volume of 4,759,414. The company has a market cap of $15.90 billion, a P/E ratio of 90.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.86. The company’s 50 day moving average is $78.59 and its two-hundred day moving average is $64.07. Celsius Holdings, Inc. has a 1 year low of $29.42 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company’s revenue for the quarter was up 95.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. As a group, analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal 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.