Axxcess Wealth Management LLC Buys New Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Axxcess Wealth Management LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 95,040 shares of the company’s stock, valued at approximately $5,426,000.

Several other institutional investors and hedge funds also recently modified their holdings of CELH. First Trust Advisors LP boosted its stake in Celsius by 123.5% during the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after purchasing an additional 324,049 shares in the last quarter. Brown Advisory Inc. acquired a new position in Celsius during the fourth quarter worth about $242,000. LRI Investments LLC bought a new stake in Celsius in the first quarter worth about $134,000. Coldstream Capital Management Inc. lifted its holdings in Celsius by 190.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after acquiring an additional 2,589 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Celsius in the 1st quarter valued at about $563,000. Institutional investors own 60.95% of the company’s stock.

Insider Activity

In related 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 transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Piper Sandler dropped their target price on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Wedbush dropped their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Jefferies Financial Group cut their price objective on Celsius from $68.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Truist Financial decreased their target price on Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Finally, BNP Paribas assumed coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.64.

Celsius Price Performance

NASDAQ:CELH opened at $34.80 on Wednesday. The stock has a market cap of $8.11 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $99.62. The stock’s 50-day moving average is $41.84 and its two-hundred day moving average is $64.73.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The firm had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. On average, equities research analysts anticipate that Celsius Holdings, Inc. will post 0.83 earnings per share for the current 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.