Proficio Capital Partners LLC Invests $406,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Proficio Capital Partners LLC bought a new position 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 (SEC). The institutional investor bought 15,409 shares of the company's stock, valued at approximately $406,000.

A number of other institutional investors have also recently made changes to their positions in CELH. S.A. Mason LLC lifted its position in Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after acquiring an additional 700 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after purchasing an additional 1,114 shares during the last quarter. Blue Trust Inc. raised its stake in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after buying an additional 441 shares during the last quarter. Point72 DIFC Ltd bought a new position in Celsius in the third quarter valued at about $73,000. Finally, Activest Wealth Management lifted its stake in shares of Celsius by 123.7% in the 4th quarter. Activest Wealth Management now owns 2,790 shares of the company's stock worth $73,000 after purchasing an additional 1,543 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Stock Up 0.7 %

Shares of CELH traded up $0.23 during mid-day trading on Thursday, hitting $35.13. 1,487,506 shares of the company traded hands, compared to its average volume of 7,381,262. The company has a market capitalization of $8.26 billion, a PE ratio of 79.67, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The business has a 50 day moving average of $26.58 and a 200 day moving average of $28.78. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85.

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Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. As a group, research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on CELH. Piper Sandler decreased their target price on Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Needham & Company LLC raised their target price on shares of Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. UBS Group lowered their price target on shares of Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. B. Riley reissued a "buy" rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Finally, Jefferies Financial Group dropped their target price on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $45.00.

Insider Activity at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company's stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares of the company's stock, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

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.