Inspire Advisors LLC Cuts Stock Position in Celsius Holdings Inc. $CELH

Inspire Advisors LLC decreased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 20.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,416 shares of the company’s stock after selling 1,362 shares during the quarter. Inspire Advisors LLC’s holdings in Celsius were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in Celsius by 1,993.0% in the 2nd quarter. Allworth Financial LP now owns 11,135 shares of the company’s stock worth $517,000 after purchasing an additional 10,603 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Celsius by 9,579.6% in the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after buying an additional 820,297 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Celsius in the second quarter worth about $297,000. Belpointe Asset Management LLC bought a new position in shares of Celsius in the second quarter worth approximately $835,000. Finally, SWS Partners purchased a new stake in shares of Celsius during the second quarter valued at approximately $1,719,000. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Celsius from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Maxim Group lifted their target price on Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Piper Sandler upped their price target on Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Celsius in a research report on Monday. Finally, Roth Capital reiterated a “buy” rating on shares of Celsius in a report on Thursday, October 2nd. Twenty research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.95.

Celsius Stock Performance

Shares of CELH opened at $39.21 on Friday. The firm has a market capitalization of $10.11 billion, a P/E ratio of 105.97, a PEG ratio of 1.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74. The business has a fifty day moving average of $55.52 and a 200 day moving average of $49.69.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The company had revenue of $725.11 million for the quarter, compared to the consensus estimate of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business’s quarterly revenue was up 172.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, Director Hal Kravitz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the transaction, the director owned 216,147 shares of the company’s stock, valued at $9,778,490.28. This represents a 4.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider directly owned 37,550 shares of the company’s stock, valued at approximately $2,287,921.50. This represents a 16.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 52,500 shares of company stock worth $3,281,975. 2.55% of the stock is owned by corporate insiders.

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.