Spire Wealth Management lifted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) by 241.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,594 shares of the company’s stock after purchasing an additional 1,835 shares during the period. Spire Wealth Management’s holdings in Celsius were worth $241,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Choreo LLC grew its holdings in shares of Celsius by 4.3% during the fourth quarter. Choreo LLC now owns 2,607 shares of the company’s stock valued at $271,000 after buying an additional 107 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Celsius by 1.9% during the first quarter. DAVENPORT & Co LLC now owns 6,053 shares of the company’s stock valued at $563,000 after buying an additional 114 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Celsius by 0.5% during the first quarter. Fiduciary Alliance LLC now owns 26,284 shares of the company’s stock valued at $2,443,000 after buying an additional 118 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Celsius by 1.4% during the fourth quarter. Baird Financial Group Inc. now owns 9,626 shares of the company’s stock valued at $1,001,000 after buying an additional 137 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Celsius by 4.3% during the fourth quarter. Franklin Resources Inc. now owns 3,458 shares of the company’s stock valued at $360,000 after buying an additional 141 shares in the last quarter. 58.86% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Celsius
In other news, major shareholder William H. Milmoe sold 10,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the completion of the sale, the insider now owns 19,915 shares in the company, valued at approximately $3,475,167.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Alexandre Ruberti sold 4,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $175.25, for a total transaction of $701,000.00. Following the completion of the transaction, the director now owns 15,805 shares of the company’s stock, valued at approximately $2,769,826.25. 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 10,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the transaction, the insider now directly owns 19,915 shares of the company’s stock, valued at approximately $3,475,167.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 664,976 shares of company stock worth $104,946,041. 2.70% of the stock is owned by corporate insiders.
Celsius Stock Performance
Celsius (NASDAQ:CELH – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.26. The company had revenue of $325.88 million during the quarter, compared to the consensus estimate of $277.19 million. Celsius had a positive return on equity of 66.52% and a negative net margin of 11.60%. The firm’s revenue was up 111.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. On average, research analysts predict that Celsius Holdings, Inc. will post 1.81 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on CELH shares. Piper Sandler lifted their price target on Celsius from $165.00 to $185.00 in a report on Wednesday, August 9th. UBS Group boosted their target price on Celsius from $130.00 to $160.00 in a research note on Friday, June 2nd. Stifel Nicolaus boosted their target price on Celsius from $165.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Bank of America boosted their target price on Celsius from $165.00 to $180.00 in a research note on Wednesday, August 9th. Finally, LADENBURG THALM/SH SH boosted their target price on Celsius from $110.00 to $122.00 in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.80.
Read Our Latest Analysis on CELH
Celsius Company Profile
Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
Featured Articles
- Five stocks we like better than Celsius
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- MarketBeat Week in Review – 8/14 – 8/18
- 3 Small Caps With Big Return Potential
- 8 Best Artificial Intelligence Stocks Under $10
- Market Cap Calculator: How to Calculate Market Cap
- What Ross Stores Earnings Say About The Saver Shopping Economy
Want to see what other hedge funds are holding CELH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celsius Holdings, Inc. (NASDAQ:CELH – Free Report).
Receive News & Ratings for Celsius Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celsius and related companies with MarketBeat.com's FREE daily email newsletter.
