Clear Secure, Inc. (NYSE:YOU) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Clear Secure, Inc. (NYSE:YOU) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,460,663 shares of the company’s stock after buying an additional 211,214 shares during the quarter. Vanguard Group Inc. owned about 5.96% of Clear Secure worth $195,363,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in YOU. Rhumbline Advisers increased its holdings in shares of Clear Secure by 3.9% during the third quarter. Rhumbline Advisers now owns 114,473 shares of the company’s stock valued at $2,180,000 after purchasing an additional 4,335 shares during the period. Teza Capital Management LLC raised its position in shares of Clear Secure by 15.9% during the 3rd quarter. Teza Capital Management LLC now owns 23,478 shares of the company’s stock worth $447,000 after buying an additional 3,224 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of Clear Secure by 93.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 122,300 shares of the company’s stock worth $2,329,000 after acquiring an additional 58,961 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Clear Secure by 321.9% in the third quarter. Lazard Asset Management LLC now owns 18,709 shares of the company’s stock valued at $355,000 after acquiring an additional 14,275 shares in the last quarter. Finally, Neo Ivy Capital Management increased its stake in shares of Clear Secure by 14,757.9% during the third quarter. Neo Ivy Capital Management now owns 23,624 shares of the company’s stock valued at $450,000 after acquiring an additional 23,465 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on YOU. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research note on Wednesday, May 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research report on Thursday, May 9th. Finally, Wedbush reissued a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.40.

Clear Secure Trading Up 2.8 %

Shares of YOU opened at $19.18 on Wednesday. Clear Secure, Inc. has a 1-year low of $15.28 and a 1-year high of $27.75. The stock has a market capitalization of $2.78 billion, a P/E ratio of 34.25 and a beta of 1.58. The business’s 50-day moving average price is $17.76 and its 200 day moving average price is $19.19.

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

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.09%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 10th. Clear Secure’s payout ratio is presently 71.43%.

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.