Fidelity Management & Research Co recently announced the acquisition of new stake in Celsius Holdings Inc. (NASDAQ:CELH). The institutional investor has increased its shareholding in the Consumer Defensive company by 19.07% to 7.38 million shares with purchase of 1.18 million shares. This fresh investment now brings its stake to 9.62% valued currently at $705.25 million. In addition, The Vanguard Group, Inc. raised its holdings by 51855.0 to 4.1 million shares. And Wellington Management Co. LLP has lifted its position by 47.41% or 0.54 million shares – to 1.68 million shares.
With over 1.27 million Celsius Holdings Inc. (CELH) shares trading Tuesday and a closing price of $129.61 on the day, the dollar volume was approximately $165.18 million. The shares have shown a positive half year performance of 33.63% and its price on 05/23/23 lost nearly -1.23%. Currently, there are 76.67M common shares owned by the public and among those 40.47M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for CELH have a consensus price objective of $135.60. The analysts have set the share’s price value over the next 12 months at a high of $160.00 and a low of $122.00. The average price target is 2.08% above its recent price level and a downside to the estimated low will see the stock lose -6.24% over that period. But an upside of 18.99% will see the stock hit the forecast high price target while median target price for the stock is $130.00.
Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 12,405,047 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 11,816,697 shares.
The top 3 mutual fund holders in Celsius Holdings Inc. are Fidelity Blue Chip Growth Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF. Fidelity Blue Chip Growth Fund owns 3.61 million shares of the company’s stock, all valued at over $344.87 million. The company bought an additional 70614.0 shares recently to bring their total holdings to about 4.70% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 4091.0 shares to see its total holdings expand to 1.26 million shares valued at over $120.48 million and representing 1.64% of the shares outstanding. Vanguard Total Stock Market ETF sold -0.11 million shares to bring its total holdings to over 1.18 million shares at a value of $113.07 million. Vanguard Total Stock Market ETF now owns shares totaling to 1.54% of the shares outstanding.
Shares of Celsius Holdings Inc. (NASDAQ: CELH) opened at $131.70, up $0.48 from a prior closing price of $131.22. However, the script later moved the day high at 133.15, down -1.23%. The company’s stock has a 5-day price change of -2.00% and 45.56% over the past three months. CELH shares are trading 24.58% year to date (YTD), with the 12-month market performance up to 120.54% higher. It has a 12-month low price of $52.11 and touched a high of $138.80 over the same period. CELH has an average intraday trading volume of 1.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.04%, 31.76%, and 31.86% respectively.
Institutional ownership of Celsius Holdings Inc. (NASDAQ: CELH) shares accounts for 56.60% of the company’s 76.67M shares outstanding. Mutual fund holders own 37.60%, while other institutional holders and individual stakeholders account for 73.70% and 20.87% respectively.
It has a market capitalization of $10.08B and a beta (3y monthly) value of 1.76. The earnings-per-share (ttm) stands at -$2.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.69% over the week and 4.53% over the month.
Analysts forecast that Celsius Holdings Inc. (CELH) will achieve an EPS of $0.27 for the current quarter, $0.36 for the next quarter and $2.2 for 2024. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.35. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 150.20%, and 66.95% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Celsius Holdings Inc. (CELH) as a “Strong Buy” at a consensus score of 1.50. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 0 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
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