Emerald Advisers LLC Purchases 1,295 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Emerald Advisers LLC boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 36.3% during the 3rd quarter, Holdings Channel reports. The fund owned 4,858 shares of the company’s stock after buying an additional 1,295 shares during the period. Emerald Advisers LLC’s holdings in Celsius were worth $152,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. FinTrust Capital Advisors LLC purchased a new position in Celsius during the first quarter valued at approximately $25,000. S.A. Mason LLC bought a new position in shares of Celsius in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after buying an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius in the third quarter valued at approximately $34,000. Finally, Signaturefd LLC boosted its stake in Celsius by 48.3% in the third 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. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 4.7 %

Celsius stock opened at $31.48 on Monday. The firm has a market cap of $7.34 billion, a PE ratio of 30.96, a P/E/G ratio of 2.34 and a beta of 1.86. Celsius Holdings, Inc. has a 12 month low of $28.20 and a 12 month high of $99.62. The stock’s 50 day simple moving average is $32.99 and its two-hundred day simple moving average is $52.33.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The firm had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts forecast that Celsius Holdings, Inc. will post 0.79 EPS for the current year.

Insider Activity

In related 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 completion of the transaction, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CELH. TD Cowen decreased their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Roth Mkm lowered their price target on Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 27th. B. Riley cut their price objective on shares of Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.