Maridea Wealth Management LLC Purchases 8,041 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Maridea Wealth Management LLC increased its holdings in Celsius Holdings Inc. by 68.1% in the last quarter, now owning a total of 19,852 shares valued at approximately $707,000.
• Several hedge funds have also shown interest in Celsius, with MassMutual Private Wealth & Trust FSB boosting its stake by 255.1%, holding 1,044 shares worth $37,000 after additional purchases.
• @Analysts are optimistic about Celsius, with multiple firms issuing buy ratings and raising price targets, including TD Cowen raising its target from $37.00 to $55.00.

Maridea Wealth Management LLC grew its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 68.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,852 shares of the company's stock after purchasing an additional 8,041 shares during the quarter. Maridea Wealth Management LLC's holdings in Celsius were worth $707,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CELH. American Assets Inc. acquired a new stake in shares of Celsius in the 4th quarter valued at approximately $1,054,000. American Century Companies Inc. raised its position in shares of Celsius by 91.9% in the 4th quarter. American Century Companies Inc. now owns 933,870 shares of the company's stock valued at $24,598,000 after acquiring an additional 447,328 shares during the period. Sei Investments Co. raised its position in shares of Celsius by 32.0% in the 4th quarter. Sei Investments Co. now owns 138,923 shares of the company's stock valued at $3,659,000 after acquiring an additional 33,665 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Celsius in the 4th quarter valued at approximately $811,000. Finally, LPL Financial LLC raised its position in shares of Celsius by 10.4% in the 4th quarter. LPL Financial LLC now owns 318,061 shares of the company's stock valued at $8,378,000 after acquiring an additional 29,879 shares during the period. Institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CELH. Wells Fargo & Company increased their price target on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded shares of Celsius from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Roth Capital restated a "buy" rating and set a $52.00 target price (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Truist Financial raised their target price on shares of Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, B. Riley raised their target price on shares of Celsius from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and an average target price of $47.83.

Insider Activity

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

Celsius Stock Performance

CELH traded down $0.86 during trading on Thursday, reaching $45.68. 2,272,332 shares of the stock were exchanged, compared to its average volume of 8,159,899. The stock has a market cap of $11.77 billion, a P/E ratio of 143.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $48.47. The stock's 50 day moving average price is $43.13 and its two-hundred day moving average price is $35.14.

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

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.