Celsius Holdings Inc. $CELH Shares Sold by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC lessened its position in Celsius Holdings Inc. (NASDAQ:CELH) by 32.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,808 shares of the company’s stock after selling 27,129 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in Celsius were worth $2,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. grew its stake in Celsius by 26.3% in the 1st 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 acquired a new stake in shares of Celsius during the first quarter worth $39,412,000. Lord Abbett & CO. LLC purchased a new stake in shares of Celsius in the first quarter valued at $36,511,000. Assenagon Asset Management S.A. increased 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 valued at $38,451,000 after purchasing an additional 820,297 shares during the last quarter. Finally, Broad Bay Capital Management LP purchased a new position in Celsius during the first quarter worth about $24,374,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CELH. Maxim Group lifted their price target on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 8th. Truist Financial raised their target price on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Zacks Research lowered shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings downgraded shares of Celsius from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, November 11th. Finally, Jefferies Financial Group set a $72.00 price objective on shares of Celsius and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Twenty investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.95.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the transaction, the insider owned 37,550 shares in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hal Kravitz bought 10,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $45.24 per share, with a total value of $452,400.00. Following the transaction, the director directly owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 52,500 shares of company stock valued at $3,281,975. 2.55% of the stock is owned by company insiders.

Celsius Trading Down 6.1%

Shares of CELH stock opened at $40.16 on Tuesday. 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 Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $66.74. The firm’s 50 day moving average price is $56.50 and its two-hundred day moving average price is $49.78. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 108.54, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $725.11 million for the quarter, compared to the consensus estimate of $703.68 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business’s quarterly revenue was up 172.9% on a year-over-year basis. On average, analysts anticipate that Celsius Holdings Inc. will post 0.89 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.