Creative Planning Purchases 8,966 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Creative Planning boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 41.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,460 shares of the company’s stock after purchasing an additional 8,966 shares during the quarter. Creative Planning’s holdings in Celsius were worth $955,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Covestor Ltd increased its holdings in shares of Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after acquiring an additional 127 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of Celsius by 1.1% during the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after acquiring an additional 181 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Celsius by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after acquiring an additional 215 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after acquiring an additional 249 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Celsius by 1.7% in the first quarter. Daiwa Securities Group Inc. now owns 16,646 shares of the company’s stock valued at $1,380,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of recent research reports. Truist Financial upped their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Maxim Group dropped their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. LADENBURG THALM/SH SH dropped their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.00.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $31.48 on Friday. Celsius Holdings, Inc. has a 1 year low of $28.20 and a 1 year high of $99.62. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.38 and a beta of 1.84. The business’s 50 day moving average price is $32.99 and its 200-day moving average price is $52.60.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter in the previous year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. On average, sell-side analysts expect that Celsius Holdings, Inc. will post 0.79 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.

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.