Celsius Holdings Inc. (NASDAQ:CELH) Shares Sold by Inspire Advisors LLC

Key Points

• Inspire Advisors LLC has reduced its stake in Celsius Holdings Inc. by 64.4%, selling 12,244 shares during the first quarter, leaving it with 6,778 shares valued at approximately $241,000.
• Multiple institutional investors have increased their holdings in Celsius, with Vanguard Group Inc. growing its stake by 2.2%, and Alyeska Investment Group L.P. increasing its shares by 60.5% in the fourth quarter.
• Analyst ratings for Celsius show strong support, with fourteen analysts rating the stock as a "buy" and a current average price target of $47.28.

Inspire Advisors LLC cut its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 64.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,778 shares of the company's stock after selling 12,244 shares during the quarter. Inspire Advisors LLC's holdings in Celsius were worth $241,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in Celsius in the 1st quarter valued at $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after acquiring an additional 750 shares in the last quarter. UMB Bank n.a. grew its position in Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after acquiring an additional 844 shares in the last quarter. Fifth Third Bancorp increased 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 acquiring an additional 666 shares during the last quarter. Finally, Peterson Wealth Services purchased a new stake in Celsius during the first quarter valued at approximately $66,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Price Performance

CELH stock traded down $0.62 during mid-day trading on Friday, reaching $44.72. 3,920,359 shares of the company's stock were exchanged, compared to its average volume of 8,144,713. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $48.47. The stock's 50 day moving average is $43.33 and its 200 day moving average is $35.27. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 139.75, a price-to-earnings-growth ratio of 1.64 and a beta of 1.45.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. On average, research analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CELH. B. Riley increased their price target on Celsius from $49.00 to $52.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup started coverage on shares of Celsius in a research note on Wednesday, July 23rd. They set a "buy" rating and a $55.00 price objective on the stock. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $55.00 in a research note on Monday, June 16th. Truist Financial increased their target price on Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, UBS Group lifted their target price on Celsius from $49.00 to $57.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

Insider Activity

In related news, CEO John Fieldly sold 130,803 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total value of $5,886,135.00. Following the transaction, the chief executive officer directly owned 1,038,577 shares of the company's stock, valued at approximately $46,735,965. This trade represents a 11.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $47.00, for a total transaction of $4,700,000.00. Following the completion of the sale, the insider directly owned 17,917,770 shares of the company's stock, valued at approximately $842,135,190. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 762,974 shares of company stock worth $35,158,418 over the last 90 days. 2.55% of the stock is currently owned by company insiders.

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.