Moran Wealth Management LLC Has $7.95 Million Stake in Celsius Holdings Inc. $CELH

Key Points

• Moran Wealth Management LLC increased its stake in Celsius Holdings Inc. by 108.0%, owning 171,268 shares valued at approximately $7.95 million as of the latest SEC filing.
• Celsius reported $739.30 million in revenue for the last quarter, exceeding estimates, along with an EPS of $0.47, significantly higher than the expected $0.23.
• A number of analysts have raised their price targets for Celsius, with a consensus target of $63.15 and most ratings labeled as "Moderate Buy".

Moran Wealth Management LLC raised its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 108.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,268 shares of the company's stock after buying an additional 88,941 shares during the quarter. Moran Wealth Management LLC owned 0.07% of Celsius worth $7,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in shares of Celsius during the first quarter worth about $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius during the first quarter worth about $34,000. Fifth Third Bancorp raised its position in shares of 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. Peterson Wealth Services acquired a new stake in shares of Celsius during the first quarter worth about $66,000. Finally, Golden State Wealth Management LLC raised its position in shares of Celsius by 124.7% during the first quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company's stock worth $71,000 after purchasing an additional 1,106 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $61.86 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $64.81. The stock has a 50 day moving average of $57.59 and a 200-day moving average of $46.35. The company has a market capitalization of $15.96 billion, a P/E ratio of 167.19, a P/E/G ratio of 1.23 and a beta of 1.38.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same period in the previous year, the company posted $0.28 EPS. The firm's revenue for the quarter was up 83.9% compared to the same quarter last year. As a group, equities research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Activity at Celsius

In other news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer directly owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the transaction, the insider owned 17,717,770 shares of the company's stock, valued at $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,667 shares of company stock worth $27,240,162 in the last three months. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CELH. Morgan Stanley set a $70.00 price target on Celsius in a research report on Tuesday, September 30th. Stifel Nicolaus increased their price objective on Celsius from $56.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Bank of America increased their price objective on Celsius from $40.00 to $55.00 and gave the stock an "underperform" rating in a report on Wednesday, October 8th. Jefferies Financial Group set a $72.00 price objective on Celsius and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Truist Financial increased their price objective on Celsius from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

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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