Assenagon Asset Management S.A. Lowers Position in Celsius Holdings Inc. $CELH

Assenagon Asset Management S.A. decreased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 48.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,108 shares of the company’s stock after selling 168,421 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Celsius were worth $8,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management lifted its stake in Celsius by 7.6% in the 3rd quarter. Spire Wealth Management now owns 2,547 shares of the company’s stock worth $146,000 after purchasing an additional 180 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Celsius by 0.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 33,100 shares of the company’s stock valued at $1,903,000 after purchasing an additional 200 shares during the last quarter. TriaGen Wealth Management LLC grew its position in shares of Celsius by 1.4% during the third quarter. TriaGen Wealth Management LLC now owns 15,824 shares of the company’s stock valued at $910,000 after purchasing an additional 218 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Celsius by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 18,459 shares of the company’s stock worth $1,061,000 after purchasing an additional 238 shares during the last quarter. Finally, MGB Wealth Management LLC increased its holdings in shares of Celsius by 3.8% in the third quarter. MGB Wealth Management LLC now owns 6,900 shares of the company’s stock worth $397,000 after purchasing an additional 250 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CELH has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating on shares of Celsius in a research note on Monday, February 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $65.00 price objective (up from $61.00) on shares of Celsius in a research note on Thursday, January 29th. Needham & Company LLC upped their price objective on Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 27th. UBS Group reiterated a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Celsius in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Celsius from $68.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.94.

Celsius Stock Down 4.6%

Shares of NASDAQ:CELH opened at $33.94 on Friday. The firm has a market capitalization of $8.72 billion, a PE ratio of 135.76, a price-to-earnings-growth ratio of 1.11 and a beta of 0.89. The business has a 50 day simple moving average of $47.10 and a two-hundred day simple moving average of $49.66. Celsius Holdings Inc. has a 1 year low of $32.36 and a 1 year high of $66.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.68 and a quick ratio of 1.37.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The firm had revenue of $721.63 million for the quarter, compared to the consensus estimate of $638.17 million. During the same period in the prior year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 117.2% on a year-over-year basis. On average, equities analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Celsius Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.