SlateStone Wealth LLC Purchases 22,650 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

SlateStone Wealth LLC raised its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 175.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,526 shares of the company’s stock after purchasing an additional 22,650 shares during the period. SlateStone Wealth LLC’s holdings in Celsius were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CELH. Cary Street Partners Investment Advisory LLC grew its holdings in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the period. Contravisory Investment Management Inc. bought a new position in Celsius during the fourth quarter valued at $25,000. Cambridge Trust Co. grew its holdings in Celsius by 280.0% during the fourth quarter. Cambridge Trust Co. now owns 570 shares of the company’s stock valued at $31,000 after purchasing an additional 420 shares during the period. Heritage Wealth Advisors bought a new position in Celsius during the third quarter valued at $32,000. Finally, Salem Investment Counselors Inc. bought a new position in Celsius during the fourth quarter valued at $33,000. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America downgraded Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Friday, January 19th. Stifel Europe increased their target price on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Roth Mkm increased their target price on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Stifel Nicolaus increased their target price on Celsius from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Jefferies Financial Group increased their target price on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.10.

Insider Buying and Selling

In other news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Celsius news, major shareholder Deborah Desantis sold 128,339 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $44.02, for a total value of $5,649,482.78. Following the transaction, the insider now directly owns 30,711,936 shares in the company, valued at approximately $1,351,939,422.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. Insiders sold a total of 780,433 shares of company stock worth $49,149,715 in the last three months. Insiders own 2.20% of the company’s stock.

Celsius Price Performance

NASDAQ CELH traded up $2.17 during trading hours on Wednesday, reaching $74.20. 461,589 shares of the stock traded hands, compared to its average volume of 4,715,889. The stock has a 50 day simple moving average of $79.25 and a two-hundred day simple moving average of $64.58. Celsius Holdings, Inc. has a 1 year low of $29.91 and a 1 year high of $99.62. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 93.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.86.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $347.44 million for the quarter, compared to analysts’ expectations of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. Celsius’s quarterly revenue was up 95.2% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. On average, sell-side analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS 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.