Point72 DIFC Ltd Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Point72 DIFC Ltd bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,340 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors also recently modified their holdings of CELH. Falcon Wealth Planning bought a new position in Celsius in the 2nd quarter valued at $314,000. Envestnet Portfolio Solutions Inc. grew its position in Celsius by 78.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,509 shares of the company’s stock valued at $486,000 after buying an additional 3,741 shares during the period. Oak Ridge Investments LLC purchased a new stake in Celsius during the second quarter worth about $261,000. Robbins Farley purchased a new position in Celsius in the second quarter valued at about $568,000. Finally, Leavell Investment Management Inc. boosted its stake in Celsius by 2.1% in the second quarter. Leavell Investment Management Inc. now owns 95,842 shares of the company’s stock valued at $5,472,000 after acquiring an additional 2,003 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Celsius 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 value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $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 available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $28.17 on Monday. The firm has a fifty day moving average price of $30.01 and a two-hundred day moving average price of $43.21. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.35 and a beta of 1.76. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CELH shares. Truist Financial lifted their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price target on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Bank of America decreased their price objective on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. LADENBURG THALM/SH SH dropped their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, Piper Sandler reduced their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.38.

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.