Essex Savings Bank Cuts Position in Clear Secure, Inc. (NYSE:YOU)

Essex Savings Bank reduced its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 5.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,901 shares of the company’s stock after selling 600 shares during the period. Essex Savings Bank’s holdings in Clear Secure were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in YOU. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the second quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in Clear Secure during the third quarter worth about $26,000. GAMMA Investing LLC lifted its holdings in shares of Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Clear Secure during the 3rd quarter worth approximately $33,000. Finally, KBC Group NV purchased a new position in shares of Clear Secure during the 3rd quarter worth approximately $90,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Up 0.7 %

Shares of Clear Secure stock opened at $25.96 on Friday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The business’s fifty day moving average is $26.76 and its two-hundred day moving average is $27.84. The firm has a market cap of $3.62 billion, a PE ratio of 30.18 and a beta of 1.41.

Clear Secure (NYSE:YOU) last released its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $194.62 million. During the same quarter last year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were given a $0.125 dividend. The ex-dividend date was Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. Clear Secure’s dividend payout ratio (DPR) is currently 58.14%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush reiterated a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Telsey Advisory Group increased their price objective on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus lifted their price objective on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

About Clear Secure

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.