Annex Advisory Services LLC Buys Shares of 44,235 Celsius Holdings, Inc. (NASDAQ:CELH)

Annex Advisory Services LLC acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 44,235 shares of the company's stock, valued at approximately $1,165,000.

Several other hedge funds have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Celsius during the third quarter worth $34,000. Signaturefd LLC raised its position in Celsius by 48.3% in the 3rd 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. Benjamin F. Edwards & Company Inc. grew its position in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock worth $37,000 after buying an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock worth $37,000 after buying an additional 630 shares during the period. Finally, Activest Wealth Management acquired a new stake in Celsius in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Price Performance

Shares of NASDAQ:CELH traded down $0.42 during trading on Tuesday, reaching $26.81. The company had a trading volume of 10,010,208 shares, compared to its average volume of 6,519,001. The stock's fifty day moving average price is $28.09 and its 200 day moving average price is $34.48. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 2.99 and a beta of 1.79.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company's stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CELH shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued a "hold" rating and a $32.00 price objective on the stock. Morgan Stanley reaffirmed an "equal weight" rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Stifel Nicolaus cut their target price on Celsius from $51.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Piper Sandler dropped their price target on shares of Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 24th. Finally, B. Riley reduced their price objective on shares of Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.94.

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.