Venturi Wealth Management LLC Purchases Shares of 1,750 Celsius Holdings, Inc. (NASDAQ:CELH)

Venturi Wealth Management LLC acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,750 shares of the company’s stock, valued at approximately $55,000.

Several other large investors have also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in Celsius in the 1st quarter worth approximately $395,000. QRG Capital Management Inc. bought a new stake in Celsius during the 1st quarter valued at $239,000. Entropy Technologies LP purchased a new stake in Celsius during the 1st quarter valued at $332,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Celsius by 19.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,327 shares of the company’s stock worth $6,909,000 after acquiring an additional 13,800 shares during the last quarter. Finally, Blair William & Co. IL purchased a new position in shares of Celsius in the first quarter valued at about $396,000. Hedge funds and other 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 on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ CELH opened at $25.66 on Friday. Celsius Holdings, Inc. has a 1 year low of $25.50 and a 1 year high of $99.62. The stock has a market cap of $6.03 billion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 3.07 and a beta of 1.86. The firm has a 50-day moving average of $31.54 and a 200 day moving average of $49.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. LADENBURG THALM/SH SH dropped their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Maxim Group cut their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Piper Sandler decreased their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Bank of America cut their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Finally, Stifel Nicolaus reduced their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $54.40.

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.