Exencial Wealth Advisors LLC Acquires 32,774 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Exencial Wealth Advisors LLC significantly increased its stake in Celsius Holdings Inc. by 248.3% during the first quarter, now owning approximately $1.64 million worth of stock.
• Insider trading activity included major shareholder Deborah Desantis selling 100,000 shares for $4.75 million, leading to a 0.56% decrease in ownership.
• Analysts remain optimistic about Celsius, with multiple firms initiating coverage and boosting price targets, resulting in a consensus rating of "Moderate Buy" and an average target price of $47.83.

Exencial Wealth Advisors LLC raised its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 248.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 45,974 shares of the company's stock after acquiring an additional 32,774 shares during the period. Exencial Wealth Advisors LLC's holdings in Celsius were worth $1,638,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CELH. Westside Investment Management Inc. bought a new position in Celsius in the first quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB raised its stake in Celsius by 255.1% in 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. UMB Bank n.a. raised its stake in Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after buying an additional 844 shares during the period. Fifth Third Bancorp raised its stake in Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after buying an additional 666 shares during the period. Finally, Peterson Wealth Services bought a new stake in Celsius in the first quarter valued at approximately $66,000. 60.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CELH. Citigroup upped their price objective on Celsius from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Friday. Stifel Nicolaus increased their price objective on shares of Celsius from $50.00 to $56.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and increased their price objective for the company from $37.00 to $55.00 in a research report on Monday, June 16th. UBS Group increased their price objective on shares of Celsius from $57.00 to $64.00 and gave the company a "buy" rating in a research report on Friday. Finally, Truist Financial boosted their price objective on Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Celsius currently has an average rating of "Moderate Buy" and a consensus target price of $51.72.

Celsius Price Performance

Shares of Celsius stock traded up $1.83 on Friday, reaching $51.95. 10,291,968 shares of the stock were exchanged, compared to its average volume of 6,108,101. The firm's 50 day moving average is $44.51 and its 200-day moving average is $36.06. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $53.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.04 and a current ratio of 2.11. The firm has a market cap of $13.39 billion, a PE ratio of 140.41, a P/E/G ratio of 1.75 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The firm's quarterly revenue was up 83.9% on a year-over-year basis. As a group, analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,106,141 shares of company stock valued at $51,985,705. 2.55% of the stock is owned by insiders.

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.