Clear Secure, Inc. (NYSE:YOU) Shares Sold by FORA Capital LLC

FORA Capital LLC lessened its stake in Clear Secure, Inc. (NYSE:YOU) by 68.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,724 shares of the company’s stock after selling 43,521 shares during the period. FORA Capital LLC’s holdings in Clear Secure were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares during the period. Huntington National Bank purchased a new position in shares of Clear Secure during the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. increased its holdings in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after acquiring an additional 766 shares during the period. Strategic Investment Solutions Inc. IL raised its position in Clear Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after purchasing an additional 2,276 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on YOU shares. Stifel Nicolaus reduced their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Clear Secure in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Clear Secure Stock Down 0.9 %

NYSE YOU opened at $24.06 on Friday. Clear Secure, Inc. has a 52-week low of $16.48 and a 52-week high of $38.88. The firm has a 50-day moving average price of $25.74 and a 200 day moving average price of $26.42. The stock has a market capitalization of $3.29 billion, a P/E ratio of 27.98 and a beta of 1.25.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same period in the prior year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts expect that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.08%. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

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.