Legacy Bridge LLC Sells 8,589 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Legacy Bridge LLC cut its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 52.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,932 shares of the company’s stock after selling 8,589 shares during the period. Legacy Bridge LLC’s holdings in Celsius were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares during the last quarter. Beacon Capital Management LLC bought a new stake in shares of Celsius during the first quarter worth $40,000. S.A. Mason LLC acquired a new position in shares of Celsius during the second quarter valued at $30,000. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 acquiring an additional 505 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in Celsius by 3,150.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CELH. Truist Financial upped their target price on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH reduced their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Jefferies Financial Group lowered their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. UBS Group cut their price target on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, B. Riley decreased their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Stock Performance

NASDAQ CELH opened at $25.79 on Tuesday. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.95 and a beta of 1.86. The business has a 50 day simple moving average of $31.41 and a 200 day simple moving average of $49.31. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62.

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.