Measured Wealth Private Client Group LLC Takes Position in Clear Secure, Inc. (NYSE:YOU)

Measured Wealth Private Client Group LLC bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, HoldingsChannel.com reports. The firm bought 8,517 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors have also recently added to or reduced their stakes in YOU. Foundry Partners LLC grew its holdings in shares of Clear Secure by 667.5% during the third quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock worth $7,086,000 after purchasing an additional 185,957 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Clear Secure during the 3rd quarter worth approximately $2,010,000. New York State Teachers Retirement System increased its position in Clear Secure by 402.1% during the third quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock worth $1,272,000 after buying an additional 30,733 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Clear Secure in the third quarter valued at approximately $2,401,000. Finally, Meritage Portfolio Management boosted its holdings in shares of Clear Secure by 108.8% in the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock valued at $1,208,000 after acquiring an additional 18,994 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Performance

Shares of YOU opened at $23.20 on Friday. The stock has a market capitalization of $3.23 billion, a P/E ratio of 26.98 and a beta of 1.38. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The company’s fifty day moving average is $25.89 and its two-hundred day moving average is $28.32.

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

Analysts Set New Price Targets

YOU has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wedbush reaffirmed a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

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.