12,834 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new stake in Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,834 shares of the company’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. increased its stake in Clear Secure by 24,161.2% in the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after buying an additional 3,039,236 shares during the period. Wellington Management Group LLP bought a new stake in shares of Clear Secure during the third quarter valued at approximately $62,950,000. FMR LLC increased its holdings in Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp raised its position in 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 in the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Clear Secure during the 4th quarter worth $30,724,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on YOU. Telsey Advisory Group increased their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Stock Performance

Clear Secure stock opened at $23.20 on Friday. The stock has a market cap of $3.23 billion, a PE ratio of 26.98 and a beta of 1.38. The stock has a 50-day moving average of $25.89 and a two-hundred day moving average of $28.38. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. As a group, sell-side analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

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.