47,914 Shares in Celsius Holdings Inc. (NASDAQ:CELH) Purchased by GPM Growth Investors Inc.

GPM Growth Investors Inc. bought a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 47,914 shares of the company's stock, valued at approximately $1,707,000.

Several other large investors have also recently bought and sold shares of the stock. Westside Investment Management Inc. bought a new position in Celsius during the first quarter worth about $32,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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. increased 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 purchasing an additional 844 shares in the last quarter. Fifth Third Bancorp grew its holdings 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 buying an additional 666 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Celsius by 32.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock worth $66,000 after acquiring an additional 614 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the completion of the transaction, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Fieldly sold 132,171 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the transaction, the chief executive officer directly owned 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. The trade was a 10.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 562,974 shares of company stock valued at $25,758,418 in the last 90 days. Insiders own 2.55% of the company's stock.

Celsius Price Performance

Shares of NASDAQ CELH remained flat at $44.45 during trading on Thursday. 6,000,687 shares of the stock were exchanged, compared to its average volume of 8,065,573. The business's fifty day moving average price is $41.55 and its 200-day moving average price is $33.91. The company has a market cap of $11.46 billion, a P/E ratio of 138.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.45. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $52.39.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The firm had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. Celsius's revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Equities analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CELH shares. Piper Sandler upped their price target on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. TD Cowen upgraded Celsius from a "hold" rating to a "buy" rating and upped their price objective for the company from $37.00 to $55.00 in a research report on Monday, June 16th. UBS Group upped their target price on shares of Celsius from $49.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday. Needham & Company LLC boosted their target price on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, Wall Street Zen raised Celsius from a "sell" rating to a "hold" rating in a report on Sunday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celsius currently has an average rating of "Moderate Buy" and a consensus price target of $46.47.

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.