Praxis Investment Management Inc. Buys New Position in Celsius Holdings Inc. (NASDAQ:CELH)

Praxis Investment Management Inc. bought a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,800 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CELH. Envestnet Portfolio Solutions Inc. lifted its holdings in Celsius by 12.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,927 shares of the company's stock valued at $460,000 after acquiring an additional 1,435 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Celsius by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,454 shares of the company's stock worth $657,000 after purchasing an additional 500 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Celsius during the first quarter valued at approximately $445,000. QRG Capital Management Inc. acquired a new position in Celsius in the first quarter worth approximately $206,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Celsius in the first quarter valued at $72,000. Institutional investors own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of several research reports. Truist Financial raised their price objective on Celsius from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. LADENBURG THALM/SH SH decreased their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Needham & Company LLC restated a "buy" rating and set a $47.00 price objective on shares of Celsius in a report on Thursday, May 29th. Piper Sandler raised their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Celsius currently has an average rating of "Moderate Buy" and a consensus target price of $44.75.

Celsius Stock Up 0.1%

Shares of Celsius stock traded up $0.06 on Wednesday, hitting $45.47. 6,197,180 shares of the company traded hands, compared to its average volume of 8,110,486. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $61.25. The company has a market cap of $11.72 billion, a PE ratio of 142.10, a PEG ratio of 1.63 and a beta of 1.43. The company has a 50-day moving average price of $38.46 and a 200 day moving average price of $32.07.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Celsius had a net margin of 8.40% and a return on equity of 42.12%. The firm had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. During the same quarter last year, the firm earned $0.27 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Activity at Celsius

In other news, CEO John Fieldly sold 132,171 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the completion of the sale, the chief executive officer now directly owns 1,169,380 shares in the company, valued at approximately $50,353,502.80. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.55% of the stock is currently owned by company insiders.

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.