Night Squared LP Takes Position in Celsius Holdings Inc. $CELH

Night Squared LP purchased a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 81,561 shares of the company’s stock, valued at approximately $3,784,000. Celsius comprises approximately 1.7% of Night Squared LP’s portfolio, making the stock its 28th biggest position.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Celsius by 1,993.0% in the second quarter. Allworth Financial LP now owns 11,135 shares of the company’s stock worth $517,000 after purchasing an additional 10,603 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in Celsius during the second quarter worth $5,386,000. Assenagon Asset Management S.A. lifted its stake in shares of Celsius by 9,579.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after purchasing an additional 820,297 shares during the last quarter. Hood River Capital Management LLC boosted its position in Celsius by 249.5% during the second quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company’s stock valued at $60,407,000 after purchasing an additional 929,597 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Celsius in the second quarter valued at about $297,000. 60.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CELH shares. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the company a “buy” rating in a report on Wednesday, September 3rd. The Goldman Sachs Group began coverage on shares of Celsius in a research note on Thursday, September 11th. They issued a “buy” rating and a $72.00 target price for the company. Needham & Company LLC upped their price target on Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Roth Capital reiterated a “buy” rating on shares of Celsius in a report on Thursday, October 2nd. Finally, Truist Financial boosted their target price on Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Twenty investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.95.

Insiders Place Their Bets

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the transaction, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at $6,449,755. The trade was a 4.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hal Kravitz acquired 10,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $45.24 per share, with a total value of $452,400.00. Following the purchase, the director owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their position. The SEC filing for this purchase provides additional information. 2.20% of the stock is currently owned by insiders.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $43.21 on Wednesday. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. The company has a market capitalization of $11.14 billion, a PE ratio of 432.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.89. The company’s fifty day moving average price is $52.07 and its 200 day moving average price is $50.28.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.28 by $0.14. The company had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 41.88% and a net margin of 3.03%.Celsius’s revenue for the quarter was up 172.9% on a year-over-year basis. On average, research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share 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.