Farther Finance Advisors LLC Purchases 642 Shares of Celsius Holdings Inc. $CELH

Farther Finance Advisors LLC lifted its position in Celsius Holdings Inc. (NASDAQ:CELH) by 35.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,446 shares of the company’s stock after purchasing an additional 642 shares during the period. Farther Finance Advisors LLC’s holdings in Celsius were worth $113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its stake in Celsius by 26.3% in the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock worth $642,769,000 after acquiring an additional 3,753,055 shares during the period. AQR Capital Management LLC purchased a new stake in Celsius in the first quarter worth $39,412,000. Lord Abbett & CO. LLC purchased a new stake in Celsius in the first quarter worth $36,511,000. Assenagon Asset Management S.A. lifted its stake in Celsius by 9,579.6% in the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after acquiring an additional 820,297 shares during the period. Finally, Broad Bay Capital Management LP purchased a new stake in Celsius in the first quarter worth $24,374,000. Institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the transaction, the insider directly owned 17,717,770 shares of the company’s stock, valued at $841,594,075. The trade was a 0.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 560,667 shares of company stock worth $27,240,162. 2.55% of the stock is owned by corporate insiders.

Celsius Trading Down 0.3%

Celsius stock opened at $58.70 on Friday. The business has a 50-day simple moving average of $55.35 and a two-hundred day simple moving average of $44.91. The company has a market cap of $15.14 billion, a P/E ratio of 158.65, a P/E/G ratio of 1.32 and a beta of 1.38. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $63.50. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The business had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business’s quarterly revenue was up 83.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CELH. Maxim Group raised their price target on Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. UBS Group raised their price objective on Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Mizuho raised their price objective on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Wall Street Zen lowered Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, Truist Financial raised their price objective on Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Nineteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.40.

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.