Clare Market Investments LLC Acquires New Shares in Clear Secure, Inc. (NYSE:YOU)

Clare Market Investments LLC acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,551 shares of the company’s stock, valued at approximately $334,000.

Several other institutional investors also recently modified their holdings of YOU. Pacer Advisors Inc. boosted its position in shares of Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after buying an additional 3,039,236 shares during the last quarter. Wellington Management Group LLP purchased a new position in Clear Secure in the third quarter worth about $62,950,000. FMR LLC grew its stake in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp grew its stake in shares of Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after purchasing an additional 1,312,419 shares during the period. Finally, Copeland Capital Management LLC bought a new stake in shares of Clear Secure during the 4th quarter valued at about $30,724,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on YOU. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus cut their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Trading Down 1.4 %

Shares of NYSE:YOU opened at $25.28 on Tuesday. The stock has a 50 day moving average of $24.56 and a 200 day moving average of $28.30. The company has a market cap of $3.52 billion, a PE ratio of 29.40 and a beta of 1.37. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.98%. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Clear Secure Company 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.