Truist Financial Corp raised its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH – Free Report) by 79.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,465 shares of the company’s stock after purchasing an additional 23,655 shares during the quarter. Truist Financial Corp’s holdings in Celsius were worth $2,445,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. IFM Investors Pty Ltd acquired a new position in shares of Celsius in the 1st quarter worth approximately $1,275,000. Royal Bank of Canada grew its position in shares of Celsius by 79.2% in the 1st quarter. Royal Bank of Canada now owns 257,666 shares of the company’s stock worth $9,179,000 after acquiring an additional 113,840 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Celsius by 131.5% in the 1st quarter. NewEdge Advisors LLC now owns 23,166 shares of the company’s stock worth $825,000 after acquiring an additional 13,159 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Celsius by 14.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 433,241 shares of the company’s stock worth $15,432,000 after acquiring an additional 53,844 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Celsius by 244.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after acquiring an additional 794 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.
Celsius Trading Down 3.4%
NASDAQ:CELH opened at $29.61 on Wednesday. Celsius Holdings Inc. has a 12-month low of $28.77 and a 12-month high of $66.74. The firm has a market capitalization of $7.57 billion, a P/E ratio of 68.86, a P/E/G ratio of 1.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43. The business has a 50 day simple moving average of $37.26 and a 200 day simple moving average of $44.41.
Wall Street Analyst Weigh In
CELH has been the subject of several research reports. Weiss Ratings upgraded Celsius from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Rothschild & Co Redburn initiated coverage on Celsius in a research report on Wednesday, May 6th. They issued a “neutral” rating and a $47.00 target price for the company. TD Cowen decreased their target price on Celsius from $66.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Needham & Company LLC lifted their target price on Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $44.00 target price on shares of Celsius in a research report on Friday. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average target price of $63.89.
Get Our Latest Research Report on Celsius
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.
Further Reading
- Five stocks we like better than Celsius
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Receive News & Ratings for Celsius Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celsius and related companies with MarketBeat.com's FREE daily email newsletter.
