Sharp Financial Services LLC Takes $203,000 Position in Celsius Holdings Inc. (NASDAQ:CELH)

Sharp Financial Services LLC bought a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,700 shares of the company's stock, valued at approximately $203,000.

Several other large investors have also added to or reduced their stakes in the business. HM Payson & Co. boosted its holdings in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 550 shares in the last quarter. Westside Investment Management Inc. bought a new position in Celsius in the first quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Celsius by 255.1% in the first 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. Knuff & Co LLC bought a new position in Celsius in the fourth quarter worth approximately $50,000. Finally, UMB Bank n.a. boosted its holdings 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. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Up 0.1%

Shares of NASDAQ CELH traded up $0.06 during mid-day trading on Friday, hitting $46.43. The company had a trading volume of 2,433,913 shares, compared to its average volume of 8,162,135. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 77.60, a P/E/G ratio of 1.66 and a beta of 1.45. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $60.70. The stock's 50-day moving average price is $39.91 and its 200-day moving average price is $32.91.

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

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 130,803 shares of Celsius stock in a transaction dated Tuesday, June 24th. The stock was 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 owned 1,038,577 shares of the company's stock, valued at $46,735,965. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the sale, the insider directly owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 562,974 shares of company stock valued at $25,758,418 in the last three months. 2.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CELH has been the topic of a number of recent research reports. TD Cowen upgraded Celsius from a "hold" rating to a "buy" rating and raised their target price for the company from $37.00 to $55.00 in a report on Monday, June 16th. Truist Financial raised their price target on shares of Celsius from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Piper Sandler lifted their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating and set a $47.00 price target on shares of Celsius in a report on Thursday, May 29th. Finally, Roth Capital reiterated a "buy" rating and set a $52.00 price target (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.18.

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.