20,483 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,483 shares of the company's stock, valued at approximately $546,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YOU. Penserra Capital Management LLC acquired a new position in shares of Clear Secure during the third quarter valued at $2,010,000. Foundry Partners LLC boosted its stake in shares of Clear Secure by 667.5% during the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock valued at $7,086,000 after buying an additional 185,957 shares during the period. New York State Teachers Retirement System grew its stake in shares of Clear Secure by 402.1% in the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company's stock valued at $1,272,000 after buying an additional 30,733 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Clear Secure during the 3rd quarter valued at $2,401,000. Finally, Meritage Portfolio Management lifted its position in shares of Clear Secure by 108.8% in the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company's stock worth $1,208,000 after buying an additional 18,994 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on YOU. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Thursday. Stifel Nicolaus cut their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a report on Thursday. Finally, Wedbush reissued a "neutral" rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

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Clear Secure Stock Performance

NYSE YOU traded up $1.15 during trading on Friday, hitting $23.70. 3,477,542 shares of the company's stock traded hands, compared to its average volume of 1,986,250. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 27.56 and a beta of 1.38. The business has a 50 day moving average of $24.84 and a 200-day moving average of $28.43.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, March 10th. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

Clear Secure Company 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.