7,743 Shares in Celsius Holdings Inc. $CELH Bought by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC acquired 7,743 shares of Celsius Holdings Inc. in Q2, valued at approximately $359,000.
• Insiders at Celsius have sold a total of 560,667 shares worth over $27 million in the last three months, with CFO Jarrod Langhans and insider Paul H. Storey among those selling significant portions of their stakes.
• Celsius reported a substantial 83.9% year-over-year revenue growth for the last quarter, reaching $739.3 million, alongside an earnings per share of $0.47, surpassing analyst expectations.

Cyndeo Wealth Partners LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,743 shares of the company's stock, valued at approximately $359,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its holdings in shares of Celsius by 26.3% during the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Celsius during the 1st quarter valued at $39,412,000. Lord Abbett & CO. LLC purchased a new stake in shares of Celsius during the 1st quarter valued at $36,511,000. Assenagon Asset Management S.A. lifted its holdings in shares of Celsius by 9,579.6% during the 2nd 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 stake in shares of Celsius during the 1st quarter valued at $24,374,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jarrod Langhans sold 5,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer directly owned 104,227 shares in the company, valued at $6,253,620. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 560,667 shares of company stock worth $27,240,162. 2.55% of the stock is currently owned by corporate insiders.

Celsius Price Performance

Shares of CELH opened at $60.70 on Friday. The business's 50-day moving average is $56.89 and its two-hundred day moving average is $45.97. The company has a market capitalization of $15.66 billion, a P/E ratio of 164.05, a P/E/G ratio of 1.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $64.81.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. The company had revenue of $739.30 million for 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 firm's revenue for the quarter was up 83.9% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on CELH shares. Maxim Group increased their price objective on Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a report on Friday, August 8th. Mizuho increased their price objective on Celsius from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. UBS Group raised their target price on Celsius from $64.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. The Goldman Sachs Group started coverage on Celsius in a research note on Thursday, September 11th. They issued a "buy" rating and a $72.00 target price for the company. Finally, Needham & Company LLC raised their target price on Celsius from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $63.15.

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.

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