Global Wealth Management Investment Advisory Inc. Has $1.03 Million Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Global Wealth Management Investment Advisory Inc. decreased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 40.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,949 shares of the company’s stock after selling 22,720 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Celsius were worth $1,033,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new stake in Celsius during the 1st quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Beacon Capital Management LLC bought a new position in Celsius during the first quarter worth $40,000. S.A. Mason LLC acquired a new position in Celsius during the 2nd quarter valued at $30,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Celsius by 353.1% in the 2nd 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 period. 60.95% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus lowered their price target on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Truist Financial raised 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. Morgan Stanley restated an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Finally, B. Riley decreased their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.27.

Celsius Stock Performance

Celsius stock traded up $0.51 during trading hours on Tuesday, hitting $31.58. 552,060 shares of the stock were exchanged, compared to its average volume of 5,818,957. The stock has a market capitalization of $7.36 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.45 and a beta of 1.86. The business’s 50-day moving average is $32.81 and its two-hundred day moving average is $52.06. Celsius Holdings, Inc. has a 12 month low of $28.20 and a 12 month high of $99.62.

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