Natixis Invests $902,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Natixis acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 10,879 shares of the company’s stock, valued at approximately $902,000.

Several other large investors have also recently modified their holdings of CELH. Vanguard Group Inc. increased its holdings in shares of Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after buying an additional 8,899,873 shares during the period. Wellington Management Group LLP grew its stake in shares of Celsius by 212.2% in the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after purchasing an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Celsius by 424.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after purchasing an additional 2,261,046 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after purchasing an additional 1,934,400 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Celsius in the fourth quarter worth about $101,116,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CELH. Maxim Group cut their target price on Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. Jefferies Financial Group cut their target price on Celsius from $98.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday. Truist Financial began coverage on Celsius in a research note on Tuesday, June 25th. They issued a “hold” rating and a $60.00 target price on the stock. Roth Mkm cut their target price on Celsius from $87.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, BNP Paribas initiated coverage on Celsius in a research report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective on the stock. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.51.

Celsius Stock Up 2.4 %

Shares of CELH stock traded up $1.11 during trading hours on Friday, hitting $47.51. 1,062,950 shares of the company’s stock traded hands, compared to its average volume of 5,089,475. The stock’s fifty day simple moving average is $65.59 and its two-hundred day simple moving average is $70.14. Celsius Holdings, Inc. has a 12-month low of $44.70 and a 12-month high of $99.62. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 1.41 and a beta of 1.90.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same period last year, the business earned $0.13 earnings per share. The business’s revenue was up 36.9% on a year-over-year basis. On average, equities analysts forecast that Celsius Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the transaction, the insider now directly owns 226,245 shares in the company, valued at approximately $21,029,472.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the transaction, the director now directly owns 201,282 shares in the company, valued at approximately $18,169,726.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,772,617 shares of company stock worth $107,637,044. Insiders own 2.20% of the company’s stock.

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.