Oppenheimer & Co. Inc. Sells 31,563 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Oppenheimer & Co. Inc. trimmed its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 72.6% during the third quarter, Holdings Channel reports. The firm owned 11,911 shares of the company’s stock after selling 31,563 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Celsius were worth $374,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of CELH. S.A. Mason LLC bought a new stake in Celsius in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its stake in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after acquiring an additional 374 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius during the 3rd quarter valued at $34,000. Signaturefd LLC boosted its position in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Up 4.8 %

Shares of NASDAQ:CELH opened at $29.05 on Friday. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62. The firm has a 50 day moving average of $31.05 and a 200-day moving average of $48.48. The stock has a market capitalization of $6.83 billion, a PE ratio of 40.35, a PEG ratio of 3.13 and a beta of 1.86.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CELH. Roth Mkm decreased their price target on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. TD Cowen decreased their target price on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. LADENBURG THALM/SH SH dropped their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Truist Financial increased their price objective on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Maxim Group reduced their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.40.

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.