CoreCap Advisors LLC Takes Position in Clear Secure, Inc. (NYSE:YOU)

CoreCap Advisors LLC acquired a new position in Clear Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 29,416 shares of the company's stock, valued at approximately $784,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Harbour Investments Inc. boosted its holdings in Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Clear Secure by 2.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company's stock worth $590,000 after purchasing an additional 461 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Clear Secure by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock valued at $843,000 after buying an additional 509 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Clear Secure by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock valued at $499,000 after purchasing an additional 612 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on YOU. Stifel Nicolaus dropped their price objective on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 target price on shares of Clear Secure in a research note on Friday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Clear Secure currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clear Secure Stock Up 1.3%

Shares of NYSE YOU traded up $0.33 during trading on Tuesday, hitting $24.96. 2,057,149 shares of the company traded hands, compared to its average volume of 2,005,673. The company has a 50-day moving average price of $25.73 and a 200-day moving average price of $26.22. The firm has a market capitalization of $3.42 billion, a P/E ratio of 29.02 and a beta of 1.25. Clear Secure, Inc. has a 1 year low of $16.48 and a 1 year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly 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 company had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be given a $0.125 dividend. 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%.

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.