Pictet Asset Management Holding SA Grows Stock Holdings in Celsius Holdings Inc. $CELH

Pictet Asset Management Holding SA raised its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 21.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 608,890 shares of the company’s stock after acquiring an additional 108,340 shares during the period. Pictet Asset Management Holding SA’s holdings in Celsius were worth $27,851,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Harbor Investment Advisory LLC purchased a new stake in shares of Celsius in the third quarter valued at $27,000. Flagship Harbor Advisors LLC purchased a new position in Celsius during the fourth quarter worth about $31,000. Brown Brothers Harriman & Co. lifted its position in Celsius by 1,020.4% during the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after buying an additional 500 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in Celsius in the 4th quarter worth about $46,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Celsius by 697.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock worth $52,000 after buying an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CELH. TD Cowen dropped their price objective on shares of Celsius from $66.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Bank of America raised shares of Celsius from an “underperform” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, February 27th. UBS Group lowered their target price on shares of Celsius from $72.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Piper Sandler reaffirmed an “overweight” rating and set a $65.00 price target (up from $61.00) on shares of Celsius in a research report on Thursday, January 29th. Finally, Needham & Company LLC increased their price target on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.72.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $33.57 on Friday. The firm has a market capitalization of $8.62 billion, a PE ratio of 134.28, a P/E/G ratio of 1.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.68 and a quick ratio of 1.37. The business has a 50-day moving average of $39.53 and a two-hundred day moving average of $45.96. Celsius Holdings Inc. has a 12 month low of $32.01 and a 12 month high of $66.74.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The business had revenue of $721.63 million for the quarter, compared to analyst estimates of $638.17 million. During the same period in the previous year, the company posted ($0.11) EPS. The company’s revenue was up 117.2% compared to the same quarter last year. As a group, research analysts forecast that Celsius Holdings Inc. will post 1.6 earnings per share for the current year.

Celsius Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.