Clear Secure, Inc. (NYSE:YOU) Holdings Lifted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 24.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,061 shares of the company’s stock after purchasing an additional 13,242 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Clear Secure were worth $1,787,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Clear Secure by 15.0% during the fourth quarter. Hsbc Holdings PLC now owns 12,054 shares of the company’s stock worth $323,000 after acquiring an additional 1,569 shares during the period. Stifel Financial Corp lifted its position in shares of Clear Secure by 263.6% in the 4th quarter. Stifel Financial Corp now owns 119,143 shares of the company’s stock valued at $3,174,000 after acquiring an additional 86,378 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of Clear Secure by 169.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 39,543 shares of the company’s stock valued at $1,053,000 after purchasing an additional 24,843 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Clear Secure by 12.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 29,380 shares of the company’s stock worth $783,000 after acquiring an additional 3,180 shares in the last quarter. Finally, Mcmorgan & Co. LLC acquired a new stake in shares of Clear Secure during the fourth quarter worth approximately $2,652,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the subject of several research reports. Telsey Advisory Group reduced their price target on Clear Secure from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Clear Secure Trading Down 7.4 %

Clear Secure stock opened at $24.33 on Friday. Clear Secure, Inc. has a 1 year low of $16.48 and a 1 year high of $38.88. The company has a market cap of $3.33 billion, a PE ratio of 28.29 and a beta of 1.25. The company’s 50-day moving average is $25.74 and its two-hundred day moving average is $26.51.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Research analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.06%. Clear Secure’s dividend payout ratio is 32.47%.

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.