Tidal Investments LLC Invests $1.03 Million in Clear Secure, Inc. (NYSE:YOU)

Tidal Investments LLC acquired a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,959 shares of the company's stock, valued at approximately $1,026,000.

Several other institutional investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the 3rd quarter worth $26,000. Future Financial Wealth Managment LLC purchased a new stake in Clear Secure during the 3rd quarter valued at $33,000. University of Texas Texas AM Investment Management Co. bought a new stake in Clear Secure in the second quarter worth $26,000. KBC Group NV purchased a new position in Clear Secure during the third quarter worth $90,000. Finally, NBC Securities Inc. purchased a new stake in shares of Clear Secure in the third quarter valued at $105,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on YOU shares. Stifel Nicolaus increased their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday. Finally, Wedbush reaffirmed a "neutral" rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $32.67.

Clear Secure Price Performance

Clear Secure stock traded up $1.05 during trading hours on Friday, hitting $26.66. 8,541,328 shares of the stock traded hands, compared to its average volume of 1,817,833. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 31.00 and a beta of 1.43. The firm's 50 day moving average price is $30.33 and its 200-day moving average price is $26.63.

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

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, December 10th. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is currently 58.14%.

Insider Buying and Selling

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 37.85% of the stock is currently owned by insiders.

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.