Celsius Holdings, Inc. (NASDAQ:CELH) Stock Position Cut by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,589 shares of the company’s stock after selling 1,679 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Celsius were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CELH. Louisiana State Employees Retirement System raised its holdings in Celsius by 2.6% during the third quarter. Louisiana State Employees Retirement System now owns 43,300 shares of the company’s stock worth $1,358,000 after purchasing an additional 1,100 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in shares of Celsius by 6.1% in the 3rd quarter. Mediolanum International Funds Ltd now owns 113,966 shares of the company’s stock worth $3,701,000 after buying an additional 6,503 shares in the last quarter. Assenagon Asset Management S.A. lifted 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 buying an additional 337 shares during the period. IFM Investors Pty Ltd boosted its stake in Celsius by 2.6% during the third quarter. IFM Investors Pty Ltd now owns 35,783 shares of the company’s stock valued at $1,122,000 after buying an additional 919 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Celsius during the third quarter worth about $1,027,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CELH shares. TD Cowen cut their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Piper Sandler dropped their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. B. Riley reduced their price objective on Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus decreased their target price on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Celsius Price Performance

Shares of CELH opened at $31.48 on Friday. The business’s 50-day moving average is $32.99 and its 200-day moving average is $52.46. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.38 and a beta of 1.84. Celsius Holdings, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. Equities research analysts expect that Celsius Holdings, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

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.