Clear Secure, Inc. (NYSE:YOU) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,282 shares of the company's stock after selling 12,205 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Clear Secure were worth $1,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in YOU. Capital Performance Advisors LLP purchased a new position in Clear Secure during the 3rd quarter valued at about $26,000. Future Financial Wealth Managment LLC bought a new position in shares of Clear Secure during the third quarter valued at approximately $33,000. GAMMA Investing LLC raised its stake in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after buying an additional 771 shares in the last quarter. KBC Group NV purchased a new stake in Clear Secure during the third quarter worth $90,000. Finally, NBC Securities Inc. bought a new stake in Clear Secure during the 3rd quarter valued at $105,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Price Performance

Clear Secure stock traded up $0.09 during mid-day trading on Friday, reaching $23.20. 1,396,498 shares of the company traded hands, compared to its average volume of 1,553,452. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm's fifty day moving average is $25.89 and its two-hundred day moving average is $28.32. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 26.98 and a beta of 1.38.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group upped their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note 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 report on Monday, December 16th. Stifel Nicolaus increased their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Two investment 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.com, Clear Secure presently has an average rating of "Moderate Buy" and an average target price of $35.20.

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.