Janney Montgomery Scott LLC Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Janney Montgomery Scott LLC boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 85.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,178 shares of the company’s stock after buying an additional 26,801 shares during the period. Janney Montgomery Scott LLC’s holdings in Celsius were worth $1,532,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius during the 3rd quarter valued at about $34,000. Signaturefd LLC increased its position in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the period. Activest Wealth Management purchased a new position in shares of Celsius during the third quarter valued at $39,000. Blue Trust Inc. boosted its stake in shares of Celsius by 69.0% during the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Celsius by 185.7% in 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. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the topic of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Stifel Nicolaus dropped 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. LADENBURG THALM/SH SH reduced their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target for the company. Finally, Piper Sandler decreased their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Celsius Trading Down 4.9 %

Celsius stock opened at $23.76 on Tuesday. The stock has a market cap of $5.58 billion, a P/E ratio of 33.00, a PEG ratio of 2.77 and a beta of 1.78. The company has a 50-day moving average price of $27.76 and a 200 day moving average price of $32.57. Celsius Holdings, Inc. has a 12-month low of $23.51 and a 12-month high of $99.62.

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.