Oddo BHF Asset Management Sas Acquires Shares of 23,404 Celsius Holdings, Inc. (NASDAQ:CELH)

Oddo BHF Asset Management Sas bought a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 3rd quarter, HoldingsChannel reports. The fund bought 23,404 shares of the company’s stock, valued at approximately $734,000.

Other hedge funds also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius during the third quarter worth about $34,000. Signaturefd LLC lifted its holdings in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Celsius by 3,150.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after acquiring an additional 630 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in Celsius during the third quarter valued at approximately $39,000. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ CELH opened at $31.79 on Friday. Celsius Holdings, Inc. has a 1 year low of $25.23 and a 1 year high of $99.62. The stock has a market capitalization of $7.47 billion, a P/E ratio of 44.15, a P/E/G ratio of 3.44 and a beta of 1.76. The company has a 50-day moving average price of $30.05 and a 200-day moving average price of $41.44.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CELH shares. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Stifel Nicolaus lowered their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Needham & Company LLC started coverage on Celsius in a research report on Friday, December 6th. They set a “buy” rating and a $38.00 target price on the stock. Piper Sandler lowered their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Finally, UBS Group cut their price target on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.28.

Celsius 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.