State of Tennessee Department of Treasury Lowers Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

State of Tennessee Department of Treasury lessened its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,719 shares of the company’s stock after selling 1,854 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Celsius were worth $1,731,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CELH. HM Payson & Co. increased its stake in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the period. S.A. Mason LLC increased its stake in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after buying an additional 700 shares during the period. GAMMA Investing LLC lifted its holdings in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares in the last quarter. Blue Trust Inc. boosted its position in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after buying an additional 441 shares during the period. Finally, Knuff & Co LLC acquired a new position in shares of Celsius in the fourth quarter worth $50,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CELH. Roth Mkm reiterated a “buy” rating and issued a $38.00 target price on shares of Celsius in a report on Friday, February 21st. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Piper Sandler lifted their price target on shares of Celsius from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, April 17th. Needham & Company LLC increased their price objective on shares of Celsius from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Finally, Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $45.00 in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average price target of $46.47.

Insider Activity at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Celsius Trading Down 1.3 %

Shares of CELH opened at $35.46 on Wednesday. The company’s 50 day simple moving average is $32.79 and its 200-day simple moving average is $29.54. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85. The firm has a market cap of $9.14 billion, a PE ratio of 80.59, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. As a group, equities research analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

About Celsius

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.