BNP Paribas Financial Markets Buys 1,362,867 Shares of Celsius Holdings Inc. $CELH

Key Points

• BNP Paribas Financial Markets boosted its stake in Celsius by 389.1% in Q3, buying an additional 1,362,867 shares to hold 1,713,170 shares (about 0.66% of the company), valued at roughly $98.49 million.
• Celsius beat expectations in its most recent quarter, reporting EPS of $0.26 vs. $0.19 est. and revenue of $721.63 million (up 117.2% year-over-year, above the $638.17M consensus).
• Analyst sentiment is largely positive with a consensus rating of Moderate Buy and an average price target of $67.72, while the stock recently opened at $43.68 (down 4.5%) and carries a market cap of $11.22 billion and a P/E of 174.72.

BNP Paribas Financial Markets lifted its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 389.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,713,170 shares of the company's stock after purchasing an additional 1,362,867 shares during the quarter. BNP Paribas Financial Markets owned 0.66% of Celsius worth $98,490,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Scopus Asset Management L.P. purchased a new position in Celsius during the 2nd quarter valued at about $59,382,000. Ilex Capital Partners UK LLP purchased a new stake in shares of Celsius in the second quarter worth about $55,966,000. Holocene Advisors LP boosted its position in shares of Celsius by 130.6% in the second quarter. Holocene Advisors LP now owns 2,108,041 shares of the company's stock valued at $97,792,000 after acquiring an additional 1,193,707 shares during the period. Hood River Capital Management LLC boosted its position in shares of Celsius by 249.5% in the second quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company's stock valued at $60,407,000 after acquiring an additional 929,597 shares during the period. Finally, Marshall Wace LLP grew its stake in Celsius by 209.2% during the second quarter. Marshall Wace LLP now owns 1,284,616 shares of the company's stock valued at $59,593,000 after acquiring an additional 869,207 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Stock Down 4.5%

CELH opened at $43.68 on Friday. Celsius Holdings Inc. has a 12 month low of $26.09 and a 12 month high of $66.74. 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 business's 50-day moving average price is $49.63 and its 200-day moving average price is $51.25. The company has a market cap of $11.22 billion, a P/E ratio of 174.72, a P/E/G ratio of 1.51 and a beta of 0.89.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The company had revenue of $721.63 million during the quarter, compared to analysts' expectations of $638.17 million. During the same period in the prior year, the business posted ($0.11) EPS. Celsius's quarterly revenue was up 117.2% compared to the same quarter last year. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Roth Mkm reiterated a "buy" rating on shares of Celsius in a research note on Monday, February 9th. Piper Sandler reaffirmed an "overweight" rating and issued a $65.00 price target (up from $61.00) on shares of Celsius in a report on Thursday, January 29th. Needham & Company LLC increased their price objective on Celsius from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Bank of America raised Celsius from an "underperform" rating to a "buy" rating and set a $65.00 price objective for the company in a research note on Friday, February 27th. Finally, KeyCorp began coverage on Celsius in a research note on Tuesday, December 16th. They issued a "sector weight" rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.72.

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.

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