11,650 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,650 shares of the company's stock, valued at approximately $307,000.

A number of other large investors have also made changes to their positions in CELH. Signaturefd LLC grew its position in shares of Celsius by 48.3% in the third 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. S.A. Mason LLC grew its position in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after acquiring an additional 700 shares during the period. Activest Wealth Management purchased a new position in Celsius in the third quarter worth approximately $39,000. Blue Trust Inc. grew its position in Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company's stock worth $42,000 after acquiring an additional 549 shares during the period. Finally, GAMMA Investing LLC grew its position in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after acquiring an additional 1,114 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CELH shares. UBS Group lowered their price objective on 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 reiterated a "buy" rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday. Morgan Stanley reiterated an "equal weight" rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research report on Thursday, December 12th. They issued a "hold" rating and a $32.00 price objective for the company. Finally, Piper Sandler decreased their price target on Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.67.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company's stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company's stock.

Celsius Stock Up 27.8 %

Celsius stock traded up $7.09 during midday trading on Friday, reaching $32.62. The company's stock had a trading volume of 62,307,510 shares, compared to its average volume of 9,298,918. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $99.62. The company has a market cap of $7.67 billion, a P/E ratio of 74.14, a P/E/G ratio of 2.90 and a beta of 1.78. The business has a 50-day simple moving average of $26.00 and a 200-day simple moving average of $30.43.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million for 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, equities analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

About Celsius

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.