Inspire Advisors LLC Raises Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Inspire Advisors LLC lifted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 72.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,022 shares of the company’s stock after buying an additional 7,979 shares during the quarter. Inspire Advisors LLC’s holdings in Celsius were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. HM Payson & Co. boosted its position in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 550 shares during the last quarter. S.A. Mason LLC boosted its position in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the last quarter. Activest Wealth Management acquired a new stake in shares of Celsius in the third quarter worth approximately $39,000. GAMMA Investing LLC boosted its position in shares of Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after acquiring an additional 1,114 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CELH shares. Needham & Company LLC raised their target price on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Finally, UBS Group reduced their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

Celsius Stock Up 2.2 %

CELH opened at $27.83 on Wednesday. The firm has a market capitalization of $6.54 billion, a P/E ratio of 63.25, a P/E/G ratio of 2.90 and a beta of 1.90. The firm’s 50 day moving average is $25.86 and its 200-day moving average is $29.14. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 10.70% and a return on equity of 51.89%. Equities analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder William H. Milmoe sold 65,000 shares of the company’s 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 directly owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.