Peregrine Capital Management LLC Increases Position in Celsius Holdings Inc. (NASDAQ:CELH)

Peregrine Capital Management LLC increased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,956 shares of the company's stock after purchasing an additional 8,496 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.10% of Celsius worth $9,010,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. KBC Group NV raised its holdings in Celsius by 3.8% in the first quarter. KBC Group NV now owns 34,992 shares of the company's stock worth $1,246,000 after purchasing an additional 1,286 shares in the last quarter. Sovran Advisors LLC grew its position in shares of Celsius by 24.9% in the 1st quarter. Sovran Advisors LLC now owns 103,405 shares of the company's stock worth $3,851,000 after buying an additional 20,637 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Celsius by 124.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company's stock worth $71,000 after acquiring an additional 1,106 shares in the last quarter. Spire Wealth Management lifted its position in Celsius by 12.0% during the first quarter. Spire Wealth Management now owns 2,677 shares of the company's stock valued at $95,000 after acquiring an additional 287 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its stake in Celsius by 4.7% in the first quarter. Moran Wealth Management LLC now owns 82,327 shares of the company's stock valued at $2,932,000 after acquiring an additional 3,679 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CELH has been the topic of a number of recent analyst reports. Stifel Nicolaus began coverage on Celsius in a research report on Thursday, June 12th. They set a "buy" rating and a $47.00 price target on the stock. Piper Sandler boosted their target price on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Roth Capital reaffirmed a "buy" rating and set a $52.00 target price (up from $46.00) on shares of Celsius in a research report on Thursday. Wall Street Zen raised Celsius from a "sell" rating to a "hold" rating in a report on Friday. Finally, LADENBURG THALM/SH SH dropped their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.18.

Celsius Price Performance

CELH stock opened at $45.89 on Monday. The company has a market capitalization of $11.83 billion, a P/E ratio of 143.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $61.25. The firm's fifty day simple moving average is $38.98 and its 200-day simple moving average is $32.39.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $329.28 million during 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%. Celsius's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, sell-side analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the transaction, the chief executive officer now directly owns 1,169,380 shares of the company's stock, valued at $50,353,502.80. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.55% of the company's stock.

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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