Braun Stacey Associates Inc. Buys 48,611 Shares of Celsius Holdings Inc. $CELH

Braun Stacey Associates Inc. boosted its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 8.2% during the first quarter, HoldingsChannel reports. The firm owned 643,465 shares of the company’s stock after buying an additional 48,611 shares during the period. Braun Stacey Associates Inc.’s holdings in Celsius were worth $22,830,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CELH. Norges Bank purchased a new position in Celsius in the 4th quarter worth approximately $140,803,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Celsius during the 4th quarter worth $115,321,000. Westfield Capital Management Co. LP purchased a new position in Celsius in the fourth quarter worth $70,632,000. BNP Paribas Financial Markets grew its position in Celsius by 389.1% in the third quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock worth $98,490,000 after acquiring an additional 1,362,867 shares in the last quarter. Finally, Scopus Asset Management L.P. bought a new position in Celsius in the second quarter valued at $59,382,000. 60.95% of the stock is currently owned by institutional investors.

Insider Activity at Celsius

In other news, Director Hal Kravitz acquired 8,400 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $29.73 per share, for a total transaction of $249,732.00. Following the acquisition, the director directly owned 227,158 shares in the company, valued at approximately $6,753,407.34. The trade was a 3.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Fieldly acquired 8,475 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $29.36 per share, with a total value of $248,826.00. Following the completion of the acquisition, the chief executive officer owned 937,540 shares in the company, valued at $27,526,174.40. The trade was a 0.91% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.33% of the stock is owned by company insiders.

Celsius Stock Performance

Shares of CELH stock opened at $29.85 on Friday. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 69.42, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 1.77. Celsius Holdings Inc. has a one year low of $27.47 and a one year high of $66.74. The company’s 50-day moving average is $30.79 and its 200 day moving average is $40.24.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.12. The business had revenue of $782.62 million during the quarter, compared to analysts’ expectations of $763.08 million. Celsius had a net margin of 5.85% and a return on equity of 37.95%. The business’s revenue for the quarter was up 137.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Sell-side analysts expect that Celsius Holdings Inc. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

CELH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $44.00 price objective on shares of Celsius in a report on Friday, May 8th. Morgan Stanley set a $48.00 target price on shares of Celsius and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating on shares of Celsius in a report on Tuesday, May 19th. Rothschild & Co Redburn initiated coverage on Celsius in a research report on Wednesday, May 6th. They set a “neutral” rating and a $47.00 price objective on the stock. Finally, Bank of America reduced their target price on shares of Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday. Twenty-one investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Celsius 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.