Stephens Investment Management Group LLC Raises Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Stephens Investment Management Group LLC increased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 583,852 shares of the company’s stock after buying an additional 4,579 shares during the period. Stephens Investment Management Group LLC owned 0.25% of Celsius worth $15,379,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Celsius during the 3rd quarter valued at approximately $34,000. Signaturefd LLC raised its stake in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. Activest Wealth Management bought a new position in Celsius during the third quarter valued at $39,000. Blue Trust Inc. grew its stake in shares of Celsius by 69.0% in the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after buying an additional 549 shares in the last quarter. Finally, S.A. Mason LLC increased its holdings in shares of Celsius by 100.0% in 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 last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $22.41 on Monday. The stock has a 50 day moving average price of $27.18 and a 200 day moving average price of $31.77. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.44 and a beta of 1.78. Celsius Holdings, Inc. has a 52-week low of $21.65 and a 52-week high of $99.62.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CELH shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Tuesday, January 28th. Truist Financial lifted their target price on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Jefferies Financial Group decreased their price target on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. Finally, UBS Group reduced their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.00.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

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.