Avantax Advisory Services Inc. Makes New Investment in Clear Secure, Inc. (NYSE:YOU)

Avantax Advisory Services Inc. purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,812 shares of the company's stock, valued at approximately $288,000.

Other hedge funds have also modified their holdings of the company. Clare Market Investments LLC purchased a new stake in Clear Secure during the 4th quarter valued at approximately $334,000. PNC Financial Services Group Inc. increased its holdings in shares of Clear Secure by 20.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,249 shares of the company's stock valued at $273,000 after purchasing an additional 1,711 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Clear Secure in the fourth quarter valued at approximately $2,357,000. Raymond James Financial Inc. purchased a new stake in shares of Clear Secure during the fourth quarter worth approximately $1,695,000. Finally, Promus Capital LLC acquired a new stake in shares of Clear Secure during the fourth quarter worth $142,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Price Performance

Shares of NYSE YOU traded down $0.79 on Friday, hitting $26.47. The company's stock had a trading volume of 320,727 shares, compared to its average volume of 1,957,198. The stock has a 50 day moving average of $24.44 and a 200-day moving average of $28.03. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 30.77 and a beta of 1.37.

Remove Ads

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. Clear Secure's dividend payout ratio (DPR) is 32.47%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on YOU. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Stifel Nicolaus cut their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Clear Secure 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.