Dakota Wealth Management Purchases New Position in Celsius Holdings Inc. $CELH

Key Points

• Dakota Wealth Management has acquired a new position in Celsius Holdings Inc., purchasing 22,595 shares valued at approximately $1,048,000 during the 2nd quarter.
• Research analysts have rated Celsius with an average of 18 "Buy" ratings and a consensus target price of $61.95, indicating strong market confidence in the company.
• Insider trading activity shows that CFO Jarrod Langhans sold 5,000 shares, while other insiders sold a total of 860,667 shares valued at $41,421,162 over the last quarter.

Dakota Wealth Management purchased a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 22,595 shares of the company's stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CELH. MassMutual Private Wealth & Trust FSB increased its position in shares of Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after buying an additional 750 shares during the period. Moody National Bank Trust Division increased its position in shares of Celsius by 1.3% during the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company's stock valued at $968,000 after buying an additional 344 shares during the period. GAMMA Investing LLC increased its position in shares of Celsius by 4,164.4% during the first quarter. GAMMA Investing LLC now owns 73,092 shares of the company's stock valued at $2,604,000 after buying an additional 71,378 shares during the period. Parallel Advisors LLC increased its position in shares of Celsius by 102.2% during the first quarter. Parallel Advisors LLC now owns 2,382 shares of the company's stock valued at $85,000 after buying an additional 1,204 shares during the period. Finally, Retirement Planning Group LLC purchased a new position in shares of Celsius during the first quarter valued at about $244,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group set a $72.00 price objective on shares of Celsius and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Piper Sandler boosted their price objective on shares of Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Stephens reissued an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. Wall Street Zen lowered shares of Celsius from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Needham & Company LLC boosted their price objective on shares of Celsius from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Eighteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Celsius currently has an average rating of "Moderate Buy" and a consensus target price of $61.95.

Insider Activity at Celsius

In related news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the transaction, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 860,667 shares of company stock valued at $41,421,162 over the last quarter. 2.55% of the stock is owned by company insiders.

Celsius Trading Up 5.0%

Shares of NASDAQ CELH opened at $54.39 on Friday. The firm's 50 day moving average price is $54.08 and its 200-day moving average price is $44.01. The company has a market cap of $14.03 billion, a PE ratio of 147.00, a P/E/G ratio of 1.23 and a beta of 1.34. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $63.50. 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 (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. The firm had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business's revenue was up 83.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

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.

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