Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lessened its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,575 shares of the company’s stock after selling 821 shares during the period. Harbour Investments Inc.’s holdings in Celsius were worth $68,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CELH. HM Payson & Co. raised its holdings in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 550 shares during the last quarter. S.A. Mason LLC grew its position in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC lifted its position in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares during the period. Blue Trust Inc. boosted its stake in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after buying an additional 441 shares during the last quarter. Finally, Knuff & Co LLC purchased a new stake in Celsius in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 5.4 %

CELH opened at $32.93 on Monday. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 74.84, a PEG ratio of 2.90 and a beta of 1.90. The company has a fifty day simple moving average of $26.11 and a 200 day simple moving average of $28.69.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. On average, analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CELH. Piper Sandler decreased their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. B. Riley reissued a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Needham & Company LLC upped their price target on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Insiders Place Their Bets

In related news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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.