SlateStone Wealth LLC Has $1.08 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

SlateStone Wealth LLC grew its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,937 shares of the company’s stock after purchasing an additional 893 shares during the quarter. SlateStone Wealth LLC’s holdings in Celsius were worth $1,081,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CELH. First Trust Advisors LP lifted its position in shares of Celsius by 123.5% during the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after buying an additional 324,049 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of Celsius during the fourth quarter worth $242,000. LRI Investments LLC bought a new stake in Celsius during the 1st quarter worth $134,000. Coldstream Capital Management Inc. boosted its stake in shares of Celsius by 190.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after purchasing an additional 2,589 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Celsius during the first quarter worth about $563,000. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CELH shares. Truist Financial cut their target price on Celsius from $60.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. UBS Group decreased their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley dropped their target price on shares of Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Finally, Piper Sandler dropped their price objective on Celsius from $90.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. One 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.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.79.

Celsius Stock Up 1.5 %

Shares of CELH opened at $40.13 on Tuesday. The stock has a market cap of $9.35 billion, a P/E ratio of 44.10, a P/E/G ratio of 1.38 and a beta of 1.90. The business’s fifty day moving average is $49.41 and its 200 day moving average is $68.18. Celsius Holdings, Inc. has a 12-month low of $36.17 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, analysts expect that Celsius Holdings, Inc. will post 1.05 EPS for the current 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.