Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC decreased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 16.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,968 shares of the company’s stock after selling 1,600 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Celsius were worth $455,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CELH. Covestor Ltd increased its holdings in Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after buying an additional 127 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Celsius by 0.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares during the period. Moody National Bank Trust Division grew its holdings in Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after purchasing an additional 181 shares during the period. Bleakley Financial Group LLC grew its holdings in Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Celsius by 4.3% during the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after buying an additional 249 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Up 1.1 %

Celsius stock opened at $38.03 on Friday. The company has a 50-day moving average price of $47.46 and a 200 day moving average price of $67.53. Celsius Holdings, Inc. has a 12-month low of $36.17 and a 12-month high of $99.62. The stock has a market cap of $8.86 billion, a P/E ratio of 41.79, a PEG ratio of 1.38 and a beta of 1.90.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. As a group, analysts forecast that Celsius Holdings, Inc. will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CELH. Maxim Group dropped their price target on shares of Celsius from $90.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Celsius in a research report on Tuesday, July 9th. Bank of America cut Celsius from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $60.00 to $32.00 in a report on Thursday, August 8th. Piper Sandler lowered their price target on Celsius from $90.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Wedbush reduced their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.79.

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.