Celsius Holdings, Inc. (NASDAQ:CELH) Position Cut by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,867 shares of the company's stock after selling 20,954 shares during the period. BNP Paribas Financial Markets owned 0.07% of Celsius worth $4,237,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company's stock worth $1,532,000 after acquiring an additional 26,801 shares during the period. Bennett Selby Investments LP raised its holdings in Celsius by 392.6% in the fourth quarter. Bennett Selby Investments LP now owns 51,645 shares of the company's stock valued at $1,360,000 after buying an additional 41,161 shares during the period. Annex Advisory Services LLC purchased a new position in Celsius in the fourth quarter valued at approximately $1,165,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Celsius by 5.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company's stock valued at $587,000 after buying an additional 1,100 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock valued at $50,910,000 after buying an additional 1,914,264 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Performance

Shares of CELH stock traded up $0.34 during mid-day trading on Friday, reaching $39.39. 5,211,906 shares of the company were exchanged, compared to its average volume of 7,936,274. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The company has a market capitalization of $10.15 billion, a P/E ratio of 89.52, a P/E/G ratio of 2.90 and a beta of 1.65. The business's 50 day simple moving average is $35.17 and its 200 day simple moving average is $29.92.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. During the same period in the previous year, the business posted $0.27 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

CELH has been the topic of several research reports. TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Needham & Company LLC raised their price target on shares of Celsius from $45.00 to $47.00 and gave the company a "buy" rating in a report on Thursday. B. Riley restated a "buy" rating and issued a $49.00 price target (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Piper Sandler raised their price target on shares of Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, April 17th. Finally, Roth Mkm restated a "buy" rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.00.

Insider Buying and Selling

In related news, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31% 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, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by company insiders.

About Celsius

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.