Knuff & Co LLC Grows Stock Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Knuff & Co LLC significantly increased its stake in Celsius Holdings Inc. by 583.8%, owning 12,890 shares valued at approximately $459,000 by the end of the quarter.
• Analysts have raised their price targets for Celsius stock, with UBS Group setting a new target of $64.00, indicating strong buy sentiments from many analysts.
• Celsius reported an impressive 83.9% revenue increase year-over-year, reaching $739.30 million, and beat earnings expectations with an EPS of $0.47.

Knuff & Co LLC raised its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 583.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,890 shares of the company's stock after acquiring an additional 11,005 shares during the quarter. Knuff & Co LLC's holdings in Celsius were worth $459,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CELH. Westside Investment Management Inc. bought a new stake in shares of Celsius during the 1st quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $37,000 after purchasing an additional 750 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Celsius by 145.0% during the 1st 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 boosted its stake in shares of Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares in the last quarter. Finally, Peterson Wealth Services bought a new stake in Celsius during the first quarter worth about $66,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Celsius from $57.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Morgan Stanley boosted their price objective on shares of Celsius from $42.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Bank of America boosted their price objective on shares of Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Stephens reiterated an "overweight" rating on shares of Celsius in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $52.28.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $57.30 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm has a fifty day moving average price of $46.13 and a 200-day moving average price of $37.11. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $57.79. The stock has a market cap of $14.78 billion, a PE ratio of 154.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.40.

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

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the transaction, the chief executive officer owned 895,410 shares of the company's stock, valued at $45,827,083.80. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,111,141 shares of company stock worth $52,241,605 over the last three months. 2.55% of the stock is owned by company insiders.

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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