Skye Global Management LP Purchases New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

Skye Global Management LP acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 52,500 shares of the company’s stock, valued at approximately $1,646,000.

Other institutional investors have also recently bought and sold shares of the company. S.A. Mason LLC acquired a new position in Celsius during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Celsius during the 3rd quarter valued at approximately $34,000. Signaturefd LLC increased its position in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The trade was a 3.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CELH. Bank of America lowered their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. B. Riley cut their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. TD Cowen lowered their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Roth Mkm cut their target price on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Piper Sandler decreased their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Stock Up 2.8 %

NASDAQ CELH opened at $28.37 on Friday. Celsius Holdings, Inc. has a 52 week low of $25.23 and a 52 week high of $99.62. The business has a 50 day moving average price of $30.44 and a 200-day moving average price of $46.58. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 39.40, a P/E/G ratio of 3.26 and a beta of 1.86.

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.