Pictet Asset Management Holding SA Buys 67,886 Shares of Celsius Holdings Inc. $CELH

Pictet Asset Management Holding SA increased its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 676,776 shares of the company’s stock after buying an additional 67,886 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Celsius were worth $24,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CELH. Flagship Harbor Advisors LLC acquired a new position in Celsius during the fourth quarter worth $31,000. Fideuram Asset Management Ireland dac acquired a new stake in Celsius in the fourth quarter valued at $31,000. Brown Brothers Harriman & Co. grew its position in shares of Celsius by 1,020.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after acquiring an additional 500 shares during the period. SOA Wealth Advisors LLC. bought a new position in shares of Celsius in the 4th quarter valued at about $46,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Celsius by 244.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after purchasing an additional 794 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Insider Activity at Celsius

In other news, Director Hal Kravitz purchased 8,400 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $29.73 per share, with a total value of $249,732.00. Following the acquisition, the director owned 227,158 shares in the company, valued at approximately $6,753,407.34. The trade was a 3.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John Fieldly acquired 8,475 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $29.36 per share, with a total value of $248,826.00. Following the completion of the transaction, the chief executive officer owned 937,540 shares of the company’s stock, valued at approximately $27,526,174.40. This represents a 0.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.33% of the stock is currently owned by insiders.

Celsius Price Performance

Celsius stock opened at $31.87 on Thursday. The stock’s fifty day moving average price is $30.53 and its two-hundred day moving average price is $39.92. The firm has a market cap of $8.15 billion, a PE ratio of 74.12, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43. Celsius Holdings Inc. has a one year low of $27.47 and a one year high of $66.74.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.12. The business had revenue of $782.62 million during the quarter, compared to the consensus estimate of $763.08 million. Celsius had a return on equity of 37.95% and a net margin of 5.85%.Celsius’s revenue for the quarter was up 137.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, research analysts expect that Celsius Holdings Inc. will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Celsius in a report on Wednesday, June 17th. Citigroup lowered their price target on Celsius from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. TD Cowen dropped their price objective on Celsius from $66.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Weiss Ratings cut Celsius from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and issued a $57.00 price objective (down from $70.00) on shares of Celsius in a research report on Tuesday, May 26th. Twenty-one analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.90.

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.