Envestnet Portfolio Solutions Inc. Raises Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 12.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,927 shares of the company’s stock after acquiring an additional 1,435 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Celsius were worth $460,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. State of Alaska Department of Revenue grew its stake in shares of Celsius by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 18,454 shares of the company’s stock worth $657,000 after acquiring an additional 500 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Celsius during the first quarter worth about $445,000. QRG Capital Management Inc. purchased a new stake in shares of Celsius during the first quarter worth about $206,000. Opal Wealth Advisors LLC purchased a new stake in shares of Celsius during the first quarter worth about $72,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Celsius by 23.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company’s stock worth $796,000 after acquiring an additional 4,210 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 1.0%

Celsius stock opened at $45.89 on Friday. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $61.25. The stock’s 50 day simple moving average is $38.80 and its two-hundred day simple moving average is $32.26. The firm has a market cap of $11.83 billion, a PE ratio of 143.41, a P/E/G ratio of 1.63 and a beta of 1.43.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to analysts’ expectations of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. On average, equities research analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CELH. UBS Group upped their target price on Celsius from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Piper Sandler upped their target price on Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. TD Cowen upgraded Celsius from a “hold” rating to a “buy” rating and upped their target price for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Stifel Nicolaus began coverage on Celsius in a research report on Thursday, June 12th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Wall Street Zen upgraded Celsius from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.18.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 132,171 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the transaction, the chief executive officer now directly owns 1,169,380 shares of the company’s stock, valued at $50,353,502.80. This represents a 10.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.55% of the company’s stock.

Celsius 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.