Bayesian Capital Management LP Buys Shares of 50,500 Clear Secure, Inc. (NYSE:YOU)

Bayesian Capital Management LP bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU) during the first quarter, HoldingsChannel reports. The institutional investor bought 50,500 shares of the company’s stock, valued at approximately $1,074,000.

A number of other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in Clear Secure by 15.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,195 shares of the company’s stock valued at $1,111,000 after purchasing an additional 7,042 shares during the period. Lazard Asset Management LLC increased its stake in shares of Clear Secure by 47.5% in the 1st quarter. Lazard Asset Management LLC now owns 15,484 shares of the company’s stock valued at $328,000 after acquiring an additional 4,988 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Clear Secure by 26.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 73,614 shares of the company’s stock valued at $1,566,000 after acquiring an additional 15,269 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Clear Secure by 4.7% in the 1st quarter. Quadrature Capital Ltd now owns 45,446 shares of the company’s stock valued at $967,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Clear Secure in the 1st quarter valued at about $1,417,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research note on Friday, July 19th. Telsey Advisory Group reissued an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research note on Wednesday. Finally, Wedbush reissued a “neutral” rating and set a $21.00 target price on shares of Clear Secure in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.40.

Clear Secure Price Performance

Shares of YOU traded down $0.30 during mid-day trading on Wednesday, hitting $21.28. 38,076 shares of the company’s stock were exchanged, compared to its average volume of 1,444,883. The company has a market cap of $3.08 billion, a PE ratio of 38.57 and a beta of 1.58. Clear Secure, Inc. has a 52 week low of $15.28 and a 52 week high of $27.75. The company has a 50-day simple moving average of $18.77 and a 200 day simple moving average of $18.98.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.10 by $0.13. The company had revenue of $179.05 million during the quarter, compared to the consensus estimate of $173.28 million. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. On average, analysts anticipate that Clear Secure, Inc. will post 0.82 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Monday, June 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s dividend payout ratio is presently 71.43%.

Clear Secure Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.