Nisa Investment Advisors LLC Raises Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Nisa Investment Advisors LLC lifted its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 468.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,790 shares of the company’s stock after buying an additional 5,596 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Clear Secure were worth $181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure in the 2nd quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Clear Secure during the third quarter worth about $26,000. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Clear Secure in the 3rd quarter valued at about $33,000. Finally, KBC Group NV purchased a new stake in Clear Secure during the 3rd quarter worth approximately $90,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

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

Clear Secure Stock Performance

NYSE YOU opened at $23.46 on Friday. The stock’s fifty day moving average is $26.25 and its two-hundred day moving average is $28.20. The firm has a market capitalization of $3.27 billion, a P/E ratio of 27.27 and a beta of 1.41. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS 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 company had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $194.62 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

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.