Left Brain Wealth Management LLC Purchases New Position in Clear Secure, Inc. (NYSE:YOU)

Left Brain Wealth Management LLC purchased a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 22,100 shares of the company's stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings 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 acquiring an additional 771 shares during the period. SRS Capital Advisors Inc. boosted its position 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 worth $57,000 after purchasing an additional 766 shares in the last quarter. KBC Group NV acquired a new stake in shares of Clear Secure in the 3rd quarter worth $90,000. SBI Securities Co. Ltd. acquired a new stake in shares of Clear Secure in the 4th quarter worth $83,000. Finally, Blue Trust Inc. boosted its position in shares of Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock worth $91,000 after purchasing an additional 2,696 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YOU has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Stifel Nicolaus lowered their price target 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Clear Secure presently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

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Clear Secure Price Performance

YOU traded up $0.17 on Tuesday, reaching $26.54. 2,396,188 shares of the stock were exchanged, compared to its average volume of 1,886,640. The company's 50-day moving average price is $24.39 and its 200 day moving average price is $28.16. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm has a market capitalization of $3.63 billion, a PE ratio of 30.87 and a beta of 1.37.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

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.