Elevate Capital Advisors LLC Makes New Investment in Celsius Holdings Inc. $CELH

Elevate Capital Advisors LLC acquired a new position in Celsius Holdings Inc. (NASDAQ:CELH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,043 shares of the company’s stock, valued at approximately $1,283,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in Celsius in the third quarter worth $1,619,000. OFI Invest Asset Management bought a new position in Celsius during the fourth quarter worth about $22,705,000. Braun Stacey Associates Inc. boosted its holdings in Celsius by 15.1% during the third quarter. Braun Stacey Associates Inc. now owns 595,901 shares of the company’s stock valued at $34,258,000 after purchasing an additional 78,027 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Celsius by 68.1% during the third quarter. Allianz Asset Management GmbH now owns 116,682 shares of the company’s stock valued at $6,708,000 after purchasing an additional 47,281 shares in the last quarter. Finally, Kercheville Advisors LLC boosted its holdings in Celsius by 9.6% during the third quarter. Kercheville Advisors LLC now owns 222,793 shares of the company’s stock valued at $12,808,000 after purchasing an additional 19,520 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Stock Performance

NASDAQ:CELH opened at $34.86 on Friday. Celsius Holdings Inc. has a 1 year low of $32.36 and a 1 year high of $66.74. The firm has a 50 day moving average of $43.12 and a 200-day moving average of $48.25. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $8.96 billion, a P/E ratio of 139.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The company had revenue of $721.63 million during the quarter, compared to analysts’ expectations of $638.17 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Celsius’s quarterly revenue was up 117.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group decreased their price objective on Celsius from $72.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Bank of America raised Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. lifted their price objective on Celsius from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft raised Celsius from a “hold” rating to a “buy” rating and decreased their price objective for the company from $56.00 to $44.00 in a report on Monday, March 30th. Finally, Weiss Ratings raised Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Twenty investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.17.

Celsius Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.