Global Wealth Management Investment Advisory Inc. Has $1.03 Million Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Global Wealth Management Investment Advisory Inc. decreased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 40.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,949 shares of the company’s stock after selling 22,720 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Celsius were worth $1,033,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Catalyst Capital Advisors LLC raised its position in shares of Celsius by 170.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 23,853 shares of the company’s stock valued at $748,000 after acquiring an additional 15,028 shares during the last quarter. Emerald Advisers LLC lifted its stake in Celsius by 36.3% in the third quarter. Emerald Advisers LLC now owns 4,858 shares of the company’s stock valued at $152,000 after buying an additional 1,295 shares during the period. Van ECK Associates Corp boosted its holdings in Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after buying an additional 18,456 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Celsius in the 3rd quarter valued at about $984,000. Finally, Diversify Wealth Management LLC raised its position in shares of Celsius by 70.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 49,381 shares of the company’s stock valued at $1,504,000 after acquiring an additional 20,486 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 74,847 shares of the 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 completion of the sale, the chief executive officer now 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 filing with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the topic of several analyst reports. Piper Sandler cut their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. B. Riley decreased their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Stifel Nicolaus lowered their target price on Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, LADENBURG THALM/SH SH decreased their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.27.

Celsius Trading Up 1.6 %

Shares of CELH traded up $0.51 on Tuesday, reaching $31.58. The company’s stock had a trading volume of 552,060 shares, compared to its average volume of 5,818,957. The stock has a market capitalization of $7.36 billion, a PE ratio of 30.56, a PEG ratio of 2.45 and a beta of 1.86. Celsius Holdings, Inc. has a twelve month low of $28.20 and a twelve month high of $99.62. The firm has a fifty day moving average of $32.81 and a 200-day moving average of $52.06.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. As a group, equities analysts anticipate that Celsius Holdings, Inc. will post 0.79 EPS for the current fiscal year.

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.