30,959 Shares in Clear Secure, Inc. (NYSE:YOU) Bought by Tidal Investments LLC

Tidal Investments LLC acquired a new position in Clear Secure, Inc. (NYSE:YOU) in the third quarter, HoldingsChannel reports. The institutional investor acquired 30,959 shares of the company’s stock, valued at approximately $1,026,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Clear Secure in the 2nd quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in Clear Secure during the third quarter worth about $26,000. Future Financial Wealth Managment LLC bought a new position in Clear Secure in the third quarter worth about $33,000. KBC Group NV acquired a new position in Clear Secure in the third quarter valued at approximately $90,000. Finally, Plato Investment Management Ltd grew its holdings in shares of Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 37.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on YOU. Telsey Advisory Group raised their price target on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush reiterated a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday. One investment 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 data from MarketBeat, Clear Secure currently has an average rating of “Hold” and a consensus target price of $32.67.

Clear Secure Stock Performance

NYSE:YOU opened at $25.61 on Friday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 29.78 and a beta of 1.43. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The business has a fifty day moving average of $30.33 and a 200-day moving average of $26.63.

Clear Secure (NYSE:YOU) last announced its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) 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 company had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. During the same quarter in the prior year, the company earned $0.20 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were issued a dividend of $0.125 per share. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.95%. Clear Secure’s payout ratio is presently 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.