Rice Hall James & Associates LLC Reduces Stock Position in Clear Secure, Inc. (NYSE:YOU)

Rice Hall James & Associates LLC decreased its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 22.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,063,169 shares of the company's stock after selling 311,501 shares during the period. Clear Secure comprises approximately 1.6% of Rice Hall James & Associates LLC's portfolio, making the stock its 15th biggest holding. Rice Hall James & Associates LLC owned 0.76% of Clear Secure worth $28,323,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of YOU. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure during the third quarter valued at $26,000. GAMMA Investing LLC boosted its stake in shares of Clear Secure by 221.6% during the fourth 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 last quarter. KBC Group NV acquired a new stake in shares of Clear Secure during the third quarter valued at $90,000. Blue Trust Inc. boosted its stake in shares of Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after acquiring an additional 2,696 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Clear Secure by 468.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company's stock valued at $181,000 after acquiring an additional 5,596 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Ratings Changes

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

Clear Secure Stock Up 5.3 %

Shares of NYSE YOU traded up $1.19 during midday trading on Friday, hitting $23.58. The stock had a trading volume of 4,064,304 shares, compared to its average volume of 1,684,157. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 27.42 and a beta of 1.38. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a fifty day moving average price of $25.12 and a 200 day moving average price of $28.48.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.12%. Clear Secure's payout ratio is currently 58.14%.

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.