TriaGen Wealth Management LLC Acquires New Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• TriaGen Wealth Management LLC acquired 14,200 shares of Celsius Holdings Inc., worth approximately $506,000, highlighting significant interest from institutional investors.
• Major shareholders, including Deborah Desantis and William H. Milmoe, sold 100,000 shares each at $47.50, totaling $4.75 million, resulting in a slight decrease in their ownership.
• Analysts increased their price targets for Celsius Holdings, with several firms issuing a "buy" rating and raising targets from $50 to as high as $65, indicating strong market confidence in the company's growth.

TriaGen Wealth Management LLC acquired a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,200 shares of the company's stock, valued at approximately $506,000.

A number of other large investors have also added to or reduced their stakes in the business. Westside Investment Management Inc. acquired a new stake in Celsius during the 1st quarter valued at approximately $32,000. Summit Securities Group LLC acquired a new stake in Celsius during the 1st quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB increased its position in 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 during the period. UMB Bank n.a. increased its position in 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 during the period. Finally, Fifth Third Bancorp increased its position in 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 during the period. Institutional investors own 60.95% of the company's stock.

Insider Transactions at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder William H. Milmoe sold 100,000 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares in the company, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,111,141 shares of company stock worth $52,241,605. Insiders own 2.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and increased their target price for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Roth Capital reaffirmed a "buy" rating and set a $52.00 price objective (up previously from $46.00) on shares of Celsius in a research report on Thursday, June 26th. B. Riley reaffirmed a "buy" rating and set a $56.00 price objective (up previously from $52.00) on shares of Celsius in a research report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of Celsius from $50.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Maxim Group raised their price objective on shares of Celsius from $50.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.28.

Celsius Trading Up 1.1%

NASDAQ CELH opened at $57.30 on Friday. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 154.86, a PEG ratio of 1.31 and a beta of 1.40. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $57.79. 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 business's fifty day moving average is $46.13 and its 200-day moving average is $37.19.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $632.13 million. During the same period in the previous year, the business posted $0.28 EPS. The business's revenue for the quarter was up 83.9% compared to the same quarter last year. Equities research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current 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.

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