Quest Partners LLC Purchases 18,985 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Quest Partners LLC boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 671.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,814 shares of the company's stock after purchasing an additional 18,985 shares during the period. Quest Partners LLC's holdings in Celsius were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division lifted its position in Celsius by 1.1% during the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company's stock worth $977,000 after buying an additional 181 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company's stock worth $500,000 after purchasing an additional 249 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Celsius by 4.1% during the second quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company's stock worth $414,000 after purchasing an additional 289 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Celsius by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company's stock valued at $147,000 after purchasing an additional 289 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company's stock valued at $3,106,000 after purchasing an additional 337 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on CELH shares. Truist Financial increased their price objective on Celsius from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Morgan Stanley restated an "equal weight" rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. B. Riley dropped their price target on shares of Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Finally, Bank of America cut their price objective on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.40.

Celsius Trading Up 0.9 %

CELH stock opened at $29.31 on Friday. Celsius Holdings, Inc. has a 1-year low of $25.23 and a 1-year high of $99.62. The business's 50-day moving average price is $30.97 and its two-hundred day moving average price is $48.34. The firm has a market cap of $6.89 billion, a PE ratio of 40.71, a P/E/G ratio of 3.13 and a beta of 1.86.

Insider Activity

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

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.