Janney Montgomery Scott LLC Cuts Position in Clear Secure, Inc. (NYSE:YOU)

Janney Montgomery Scott LLC lessened its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,198,784 shares of the company's stock after selling 15,672 shares during the quarter. Janney Montgomery Scott LLC owned about 0.86% of Clear Secure worth $31,936,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Clear Secure during the 3rd quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new position in Clear Secure during the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC grew its holdings in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after buying an additional 771 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Clear Secure during the 2nd quarter valued at approximately $26,000. Finally, KBC Group NV purchased a new position in Clear Secure during the 3rd quarter valued at approximately $90,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Telsey Advisory Group raised their price target on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, December 16th. Wedbush reaffirmed a "neutral" rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their price objective on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Clear Secure has a consensus rating of "Moderate Buy" and a consensus price target of $35.20.

Clear Secure Trading Up 0.7 %

Shares of YOU stock traded up $0.18 on Friday, reaching $24.25. 662,041 shares of the company's stock were exchanged, compared to its average volume of 1,586,566. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The stock has a market capitalization of $3.38 billion, a PE ratio of 28.20 and a beta of 1.41. The company's fifty day simple moving average is $26.49 and its 200 day simple moving average is $28.04.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same period in the prior year, the business posted $0.20 earnings per share. Clear Secure's revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.125 per share. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure's dividend payout ratio (DPR) is presently 58.14%.

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.