Clear Secure, Inc. (NYSE:YOU) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its holdings in Clear Secure, Inc. (NYSE:YOU) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,198,784 shares of the company’s stock after selling 15,672 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Clear Secure were worth $31,936,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure during the 2nd quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in Clear Secure during the 3rd quarter worth approximately $26,000. GAMMA Investing LLC grew 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 worth $30,000 after purchasing an additional 771 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Clear Secure in the third quarter valued at $33,000. Finally, KBC Group NV purchased a new stake in Clear Secure during the 3rd quarter worth about $90,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on YOU shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Wedbush reaffirmed a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, 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 research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Clear Secure presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Clear Secure Stock Down 2.5 %

NYSE YOU opened at $23.99 on Friday. The firm has a market cap of $3.34 billion, a P/E ratio of 27.90 and a beta of 1.41. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The business’s 50-day moving average price is $26.49 and its 200 day moving average price is $28.04.

Clear Secure (NYSE:YOU) last released 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 analyst estimates of $194.62 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) 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.