Clare Market Investments LLC Takes Position in Clear Secure, Inc. (NYSE:YOU)

Clare Market Investments LLC purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,551 shares of the company's stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YOU. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Clear Secure during the 3rd quarter worth about $203,000. Amalgamated Bank lifted its position in Clear Secure by 844.2% during the third quarter. Amalgamated Bank now owns 26,826 shares of the company's stock valued at $889,000 after buying an additional 23,985 shares in the last quarter. Principal Financial Group Inc. grew its stake in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after buying an additional 466,901 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure in the third quarter worth $26,000. Finally, CWA Asset Management Group LLC purchased a new position in shares of Clear Secure in the 3rd quarter valued at $795,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on YOU shares. Stifel Nicolaus decreased their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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Clear Secure Trading Down 0.5 %

NYSE:YOU traded down $0.11 on Thursday, reaching $24.91. The stock had a trading volume of 2,211,274 shares, compared to its average volume of 2,170,691. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The company has a 50-day moving average of $24.45 and a 200 day moving average of $28.23. The stock has a market cap of $3.47 billion, a P/E ratio of 28.96 and a beta of 1.37.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, March 10th. Clear Secure's dividend payout ratio (DPR) is currently 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.