Perigon Wealth Management LLC Acquires 17,737 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Perigon Wealth Management LLC lifted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 1,207.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,206 shares of the company's stock after purchasing an additional 17,737 shares during the period. Perigon Wealth Management LLC's holdings in Celsius were worth $1,047,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CELH. Cary Street Partners Investment Advisory LLC boosted its holdings in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Celsius during the fourth quarter valued at approximately $25,000. Money Concepts Capital Corp acquired a new stake in Celsius during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust acquired a new stake in Celsius during the second quarter valued at approximately $30,000. Finally, Heritage Wealth Advisors acquired a new stake in Celsius during the third quarter valued at approximately $32,000. 60.95% of the stock is currently owned by institutional investors.

Celsius Price Performance

Shares of NASDAQ CELH traded down $1.15 during mid-day trading on Friday, reaching $79.72. 3,251,055 shares of the company's stock traded hands, compared to its average volume of 3,226,976. Celsius Holdings, Inc. has a 1-year low of $28.10 and a 1-year high of $99.62. The stock has a market cap of $18.42 billion, a P/E ratio of 103.09, a PEG ratio of 2.33 and a beta of 1.86. The business has a 50-day simple moving average of $77.36 and a 200 day simple moving average of $63.71.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $347.44 million for the quarter, compared to analysts' expectations of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The company's quarterly revenue was up 95.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Equities research analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the transaction, the insider now directly owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder William H. Milmoe sold 129,658 shares of the firm's stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.49, for a total transaction of $6,157,458.42. Following the sale, the insider now owns 31,413,662 shares in the company, valued at approximately $1,491,834,808.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dean Desantis sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the sale, the insider now owns 219,257 shares in the company, valued at approximately $20,993,857.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,094,783 shares of company stock worth $62,679,671 over the last three months. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their target price on Celsius from $67.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Roth Mkm boosted their price objective on shares of Celsius from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Stifel Europe upped their target price on shares of Celsius from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Wedbush upped their target price on shares of Celsius from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. Finally, Piper Sandler upped their target price on shares of Celsius from $76.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.10.

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.