Moran Wealth Management LLC Purchases 4,353 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Moran Wealth Management LLC raised its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 68.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,752 shares of the company’s stock after buying an additional 4,353 shares during the quarter. Moran Wealth Management LLC’s holdings in Celsius were worth $337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Celsius during the third quarter worth $3,795,000. Savoir Faire Capital Management L.P. raised its stake in shares of Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after acquiring an additional 25,315 shares during the last quarter. Quest Partners LLC grew its stake in shares of Celsius by 671.1% during the third quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock valued at $684,000 after purchasing an additional 18,985 shares during the last quarter. Dillon & Associates Inc. raised its position in shares of Celsius by 72.2% during the third quarter. Dillon & Associates Inc. now owns 76,607 shares of the company’s stock worth $2,375,000 after acquiring an additional 32,111 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Celsius during the 3rd quarter worth about $1,003,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial increased their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Roth Mkm dropped their price target on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. Piper Sandler reduced their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Finally, Maxim Group cut their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Trading Up 0.9 %

Shares of CELH opened at $29.31 on Friday. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 3.13 and a beta of 1.86. The company’s fifty day simple moving average is $30.97 and its 200 day simple moving average is $48.34. Celsius Holdings, Inc. has a 1-year low of $25.23 and a 1-year high of $99.62.

Insider Transactions at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.

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.