Price T Rowe Associates Inc. MD Has $1.79 Million Stake in Clear Secure, Inc. (NYSE:YOU)

Price T Rowe Associates Inc. MD increased its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,061 shares of the company's stock after buying 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 quarter.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC increased its position 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 acquiring an additional 771 shares in the last quarter. Huntington National Bank bought a new position in shares of Clear Secure in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. increased its stake in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Clear Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after purchasing an additional 2,276 shares during the period. Finally, Harbour Investments Inc. lifted its stake in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after purchasing an additional 450 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Stifel Nicolaus cut their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 target price on shares of Clear Secure in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.00.

Clear Secure Price Performance

Shares of NYSE:YOU traded up $0.33 during midday trading on Tuesday, reaching $24.96. 1,689,219 shares of the company's stock were exchanged, compared to its average volume of 2,008,392. Clear Secure, Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $38.88. The firm's 50 day simple moving average is $25.73 and its two-hundred day simple moving average is $26.22. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 29.02 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (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 analyst estimates of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Equities research analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.00%. The ex-dividend date is Tuesday, June 10th. Clear Secure's dividend payout ratio (DPR) is presently 31.25%.

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.