FNY Investment Advisers LLC Invests $445,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

FNY Investment Advisers LLC purchased a new position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,500 shares of the company's stock, valued at approximately $445,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. QRG Capital Management Inc. purchased a new position in shares of Celsius in the first quarter worth about $206,000. Opal Wealth Advisors LLC purchased a new position in Celsius during the first quarter worth about $72,000. Wealth Enhancement Advisory Services LLC raised its stake in Celsius by 23.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company's stock worth $796,000 after purchasing an additional 4,210 shares during the period. Fifth Third Bancorp raised its stake in Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after purchasing an additional 666 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new position in Celsius during the first quarter worth about $214,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Down 2.0%

Shares of CELH opened at $41.16 on Monday. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $64.19. The firm's 50 day moving average price is $37.45 and its 200 day moving average price is $31.32. The company has a market cap of $10.61 billion, a P/E ratio of 93.55, a PEG ratio of 2.90 and a beta of 1.43.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. During the same period in the previous year, the company earned $0.27 earnings per share. Celsius's quarterly revenue was down 7.4% on a year-over-year basis. Research analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 132,171 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the transaction, the chief executive officer now owns 1,169,380 shares in the company, valued at $50,353,502.80. The trade was a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on CELH shares. B. Riley reaffirmed a "buy" rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. 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 note on Friday, May 2nd. Roth Mkm reaffirmed a "buy" rating and set a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. LADENBURG THALM/SH SH reduced their price target on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Piper Sandler boosted their price target on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.71.

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.

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