Deutsche Bank AG Lowers Stock Position in Clear Secure, Inc. (NYSE:YOU)

Deutsche Bank AG cut its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 83.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,775 shares of the company's stock after selling 422,661 shares during the quarter. Deutsche Bank AG owned approximately 0.06% of Clear Secure worth $2,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new position in Clear Secure in the 4th quarter valued at approximately $784,000. Cetera Investment Advisers lifted its stake in shares of Clear Secure by 37.8% in the 4th quarter. Cetera Investment Advisers now owns 11,837 shares of the company's stock valued at $315,000 after acquiring an additional 3,245 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in Clear Secure during the 4th quarter worth $1,464,000. BNP Paribas Financial Markets bought a new stake in Clear Secure during the 4th quarter worth $1,935,000. Finally, Freestone Grove Partners LP acquired a new position in Clear Secure in the 4th quarter worth about $299,000. Institutional investors own 73.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YOU. Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 price objective on shares of Clear Secure in a report on Friday, May 9th. Stifel Nicolaus dropped their price target 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Clear Secure presently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Insider Transactions at Clear Secure

In other news, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the transaction, the director now owns 149,093 shares in the company, valued at $3,807,835.22. This trade represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 957,964 shares of company stock valued at $24,155,799 over the last three months. Corporate insiders own 39.73% of the company's stock.

Clear Secure Trading Up 0.0%

YOU stock traded up $0.01 during trading on Wednesday, hitting $24.48. The company had a trading volume of 117,376 shares, compared to its average volume of 2,147,557. Clear Secure, Inc. has a one year low of $16.59 and a one year high of $38.88. The business has a 50-day moving average of $25.51 and a 200-day moving average of $25.49. The stock has a market cap of $3.35 billion, a PE ratio of 28.47 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the prior year, the company posted $0.28 EPS. Clear Secure's revenue for the quarter was up 18.1% on a year-over-year basis. 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 issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, June 10th. Clear Secure's dividend payout ratio is currently 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.