Tidemark LLC Purchases New Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Tidemark LLC acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 525 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its holdings in Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. Heritage Wealth Advisors bought a new stake in shares of Celsius in the 3rd quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new position in shares of Celsius during the third quarter valued at $36,000. Signaturefd LLC boosted its position in shares of Celsius by 212.0% during the third quarter. Signaturefd LLC now owns 337 shares of the company’s stock valued at $58,000 after buying an additional 229 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Celsius during the fourth quarter valued at approximately $25,000. Institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 219,257 shares in the company, valued at $20,993,857.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the sale, the insider now owns 219,257 shares of the company’s stock, valued at approximately $20,993,857.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Nicholas Castaldo sold 165,000 shares of Celsius stock in a transaction on Monday, March 4th. The stock was sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now owns 352,864 shares of the company’s stock, valued at $29,404,157.12. The disclosure for this sale can be found here. Insiders have sold 2,101,696 shares of company stock worth $136,706,859 over the last quarter. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CELH. Piper Sandler increased their price objective on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $75.00 price target on shares of Celsius in a research note on Wednesday, March 27th. Stifel Nicolaus cut their price objective on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. UBS Group lowered their target price on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Maxim Group increased their price target on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $88.36.

Celsius Stock Up 3.8 %

Celsius stock traded up $3.45 during midday trading on Friday, reaching $95.15. The stock had a trading volume of 2,177,691 shares, compared to its average volume of 4,671,513. The company has a fifty day moving average of $82.13 and a 200 day moving average of $68.93. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 104.56, a price-to-earnings-growth ratio of 2.56 and a beta of 1.93. Celsius Holdings, Inc. has a 52-week low of $40.87 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. Celsius’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Equities research analysts predict that Celsius Holdings, Inc. will post 1.11 EPS for the current 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.