Brown Advisory Inc. Sells 379,604 Shares of Clear Secure, Inc. (NYSE:YOU)

Brown Advisory Inc. decreased its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,611,693 shares of the company's stock after selling 379,604 shares during the quarter. Brown Advisory Inc. owned 1.16% of Clear Secure worth $42,936,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in Clear Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after buying an additional 501,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Clear Secure during the fourth quarter worth approximately $1,695,000. William Blair Investment Management LLC acquired a new position in shares of Clear Secure during the fourth quarter worth approximately $37,697,000. Principal Financial Group Inc. increased its holdings in shares of Clear Secure by 3,937.1% in the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock valued at $15,866,000 after purchasing an additional 466,901 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Clear Secure by 1,557.5% in the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after purchasing an additional 324,314 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on YOU. Stifel Nicolaus decreased their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and set a $32.00 price objective on shares of Clear Secure in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.00.

Clear Secure Price Performance

YOU stock traded down $0.22 during midday trading on Friday, reaching $24.06. 1,753,085 shares of the stock were exchanged, compared to its average volume of 2,003,985. The company has a fifty day moving average price of $25.74 and a 200 day moving average price of $26.36. The stock has a market capitalization of $3.29 billion, a PE ratio of 27.98 and a beta of 1.25. Clear Secure, Inc. has a 52 week low of $16.48 and a 52 week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.28 EPS. As a group, analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.08%. Clear Secure's dividend payout ratio (DPR) is 31.25%.

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.