Summit Financial LLC Purchases New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

Summit Financial LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,061 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Celsius by 622.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,328,487 shares of the company’s stock worth $72,429,000 after acquiring an additional 1,144,626 shares during the period. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Celsius by 218.1% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 31,803 shares of the company’s stock worth $1,734,000 after purchasing an additional 21,804 shares during the period. Beck Bode LLC boosted its holdings in shares of Celsius by 185.8% in the 4th quarter. Beck Bode LLC now owns 34,548 shares of the company’s stock worth $1,884,000 after buying an additional 22,461 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in Celsius during the fourth quarter valued at about $252,000. Finally, Van ECK Associates Corp purchased a new stake in Celsius during the fourth quarter worth about $614,000. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Dean Desantis sold 100,000 shares of Celsius stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the completion of the sale, the insider now owns 219,257 shares in the company, valued at approximately $20,993,857.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Dean Desantis sold 100,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the transaction, the insider now owns 219,257 shares of the company’s stock, valued at approximately $20,993,857.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The disclosure for this sale can be found here. Insiders sold a total of 1,186,215 shares of company stock worth $80,215,119 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

Celsius Trading Up 2.1 %

Shares of NASDAQ:CELH opened at $75.97 on Friday. The company has a 50 day moving average of $80.79 and a 200 day moving average of $65.47. The stock has a market cap of $17.55 billion, a P/E ratio of 98.24, a P/E/G ratio of 2.17 and a beta of 1.93. Celsius Holdings, Inc. has a 12 month low of $32.99 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business’s revenue for the quarter was up 95.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 EPS. On average, equities analysts forecast that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Jefferies Financial Group upped their price objective on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. UBS Group raised their target price on Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $75.00 price target on shares of Celsius in a research report on Wednesday, March 27th. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Celsius in a report on Friday. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.45.

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.