Valmark Advisers Inc. Acquires New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

Valmark Advisers Inc. bought a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,650 shares of the company’s stock, valued at approximately $307,000.

Other large investors have also added to or reduced their stakes in the company. Secured Retirement Advisors LLC purchased a new stake in shares of Celsius in the fourth quarter worth about $804,000. Manchester Capital Management LLC boosted its holdings in Celsius by 92,260.0% in the 4th quarter. Manchester Capital Management LLC now owns 4,618 shares of the company’s stock valued at $122,000 after purchasing an additional 4,613 shares during the period. Arcus Capital Partners LLC purchased a new position in shares of Celsius during the 4th quarter valued at $5,784,000. Capital Advisors Inc. OK bought a new position in shares of Celsius in the fourth quarter worth $527,000. Finally, Louisiana State Employees Retirement System boosted its stake in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after buying an additional 400 shares during the period. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CELH shares. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of Celsius in a research note on Tuesday, January 28th. Piper Sandler decreased their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.56.

Celsius Price Performance

Shares of Celsius stock opened at $22.74 on Wednesday. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $99.62. The business’s 50 day simple moving average is $26.36 and its two-hundred day simple moving average is $30.64. The stock has a market capitalization of $5.34 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

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.