Divisadero Street Capital Management LP Sells 716,932 Shares of Celsius Holdings Inc. $CELH

Divisadero Street Capital Management LP decreased its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 47.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 780,518 shares of the company’s stock after selling 716,932 shares during the period. Celsius makes up about 2.0% of Divisadero Street Capital Management LP’s portfolio, making the stock its 12th biggest position. Divisadero Street Capital Management LP owned about 0.30% of Celsius worth $44,872,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Harbor Investment Advisory LLC bought a new position in shares of Celsius in the third quarter worth about $27,000. Brown Brothers Harriman & Co. grew its holdings in shares of Celsius by 1,020.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Celsius by 697.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock worth $52,000 after purchasing an additional 788 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Celsius by 244.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after purchasing an additional 794 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its stake in Celsius by 52.7% in the 3rd quarter. Clearstead Advisors LLC now owns 916 shares of the company’s stock valued at $53,000 after purchasing an additional 316 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on CELH shares. Weiss Ratings upgraded shares of Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Roth Mkm reiterated a “buy” rating on shares of Celsius in a report on Monday, February 9th. Needham & Company LLC raised their price objective on Celsius from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 27th. JPMorgan Chase & Co. boosted their price objective on Celsius from $68.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Bank of America raised Celsius from an “underperform” rating to a “buy” rating and set a $65.00 target price for the company in a report on Friday, February 27th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.72.

Celsius Trading Up 2.0%

Shares of NASDAQ CELH opened at $44.57 on Monday. The firm has a 50 day moving average price of $49.56 and a two-hundred day moving average price of $51.02. The stock has a market cap of $11.45 billion, a P/E ratio of 178.28, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89. Celsius Holdings Inc. has a 52-week low of $26.36 and a 52-week high of $66.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.68.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The company had revenue of $721.63 million for the quarter, compared to analyst estimates of $638.17 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Celsius’s revenue was up 117.2% compared to the same quarter last year. As a group, equities analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.