Versor Investments LP Acquires New Shares in Clear Secure, Inc. (NYSE:YOU)

Versor Investments LP acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,400 shares of the company's stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of YOU. Pacer Advisors Inc. increased its holdings in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Clear Secure during the 3rd quarter worth approximately $62,950,000. FMR LLC increased its holdings in Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the last quarter. State Street Corp increased its holdings in Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company's stock worth $111,381,000 after purchasing an additional 1,312,419 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in Clear Secure during the 4th quarter worth approximately $30,724,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on YOU. Telsey Advisory Group restated an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus decreased their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Wedbush reiterated a "neutral" rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.00.

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Clear Secure Stock Down 0.4 %

Shares of YOU traded down $0.09 during mid-day trading on Thursday, hitting $24.91. The stock had a trading volume of 1,275,123 shares, compared to its average volume of 2,065,024. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The company has a market cap of $3.47 billion, a PE ratio of 29.03 and a beta of 1.38. The company's fifty day simple moving average is $24.67 and its two-hundred day simple moving average is $28.35.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.01%. Clear Secure's dividend payout ratio is currently 32.47%.

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.