VestGen Advisors LLC Invests $714,000 in Celsius Holdings Inc. $CELH

VestGen Advisors LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,391 shares of the company’s stock, valued at approximately $714,000.

Several other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in shares of Celsius by 1,476.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after acquiring an additional 738 shares in the last quarter. Summit Securities Group LLC bought a new position in Celsius in the first quarter valued at $34,000. Huntington National Bank grew its position in Celsius by 939.8% in the second quarter. Huntington National Bank now owns 1,175 shares of the company’s stock valued at $55,000 after purchasing an additional 1,062 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Celsius in the 2nd quarter valued at $75,000. Finally, UMB Bank n.a. lifted its position in Celsius by 24.7% during the 2nd quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock worth $82,000 after buying an additional 352 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Down 4.2%

CELH stock opened at $40.83 on Wednesday. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74. The business’s 50 day simple moving average is $53.23 and its 200 day simple moving average is $50.07. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $10.53 billion, a PE ratio of 408.30, a PEG ratio of 0.79 and a beta of 1.01.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a net margin of 3.03% and a return on equity of 41.88%. The firm’s revenue for the quarter was up 172.9% on a year-over-year basis. As a group, research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CELH shares. Needham & Company LLC raised their price objective on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 5th. Bank of America decreased their price target on Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, November 7th. UBS Group set a $65.00 price target on Celsius and gave the stock a “buy” rating in a research report on Wednesday, November 26th. B. Riley upped their price objective on Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Finally, Maxim Group raised their target price on shares of Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

Insider Buying and Selling at Celsius

In other news, Director Hal Kravitz acquired 10,000 shares of Celsius stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the acquisition, the director directly owned 216,147 shares in the company, valued at approximately $9,778,490.28. The trade was a 4.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $62.50, for a total value of $2,500,000.00. Following the transaction, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. This trade represents a 15.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.20% of the company’s stock.

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.