Janney Montgomery Scott LLC Buys Shares of 31,377 Celsius Holdings, Inc. (NASDAQ:CELH)

Janney Montgomery Scott LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,377 shares of the company's stock, valued at approximately $984,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Diversify Wealth Management LLC lifted its stake in Celsius by 70.9% during the 3rd quarter. Diversify Wealth Management LLC now owns 49,381 shares of the company's stock worth $1,504,000 after acquiring an additional 20,486 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Celsius by 0.4% during the third quarter. New York State Teachers Retirement System now owns 181,478 shares of the company's stock worth $5,691,000 after purchasing an additional 668 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Celsius by 12.7% in the third quarter. State of Alaska Department of Revenue now owns 18,134 shares of the company's stock valued at $568,000 after purchasing an additional 2,050 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Celsius by 95.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 77,696 shares of the company's stock valued at $2,437,000 after purchasing an additional 37,962 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Celsius by 25.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 9,111 shares of the company's stock worth $286,000 after buying an additional 1,855 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Down 4.7 %

NASDAQ CELH traded down $1.27 during trading hours on Friday, hitting $25.66. 10,025,815 shares of the stock were exchanged, compared to its average volume of 8,374,845. Celsius Holdings, Inc. has a 12-month low of $25.50 and a 12-month high of $99.62. The stock has a 50-day moving average of $31.41 and a 200 day moving average of $49.47. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 2.95 and a beta of 1.86.

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on CELH shares. LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a "neutral" rating on the stock in a research report on Monday, October 21st. Roth Mkm cut their price target on Celsius from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Piper Sandler lowered their price objective on Celsius from $50.00 to $47.00 and set an "overweight" rating for the company in a research report on Tuesday, September 24th. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Finally, UBS Group lowered their price target on shares of Celsius from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.40.

Celsius Company 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.