RPG Investment Advisory LLC Acquires New Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

RPG Investment Advisory LLC bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,200 shares of the company’s stock, valued at approximately $269,000.

Several other institutional investors have also recently bought and sold shares of CELH. Signaturefd LLC lifted its stake in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares in the last quarter. S.A. Mason LLC lifted its stake in Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares in the last quarter. Activest Wealth Management bought a new stake in Celsius in the 3rd quarter valued at approximately $39,000. Blue Trust Inc. lifted its stake in Celsius by 69.0% in the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after acquiring an additional 549 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after acquiring an additional 1,114 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

CELH has been the topic of several research reports. Morgan Stanley restated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Stifel Nicolaus dropped their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. initiated coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. Piper Sandler decreased their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, B. Riley reissued a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.67.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

Celsius Price Performance

Shares of NASDAQ CELH opened at $32.62 on Monday. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 74.14, a P/E/G ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $99.62. The stock’s fifty day moving average price is $26.02 and its two-hundred day moving average price is $30.24.

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

About Celsius

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.