Snowden Capital Advisors LLC Invests $329,000 in Clear Secure, Inc. (NYSE:YOU)

Snowden Capital Advisors LLC purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 12,350 shares of the company's stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Clear Secure by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock worth $333,718,000 after purchasing an additional 473,207 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of 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 purchasing an additional 501,000 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Clear Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after acquiring an additional 1,422,999 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Clear Secure by 24,161.2% in the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock valued at $81,300,000 after acquiring an additional 3,039,236 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after acquiring an additional 1,463,748 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YOU has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 price objective on shares of Clear Secure in a research note on Friday, May 9th. Finally, Stifel Nicolaus cut their price objective on 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clear Secure Stock Performance

Shares of YOU stock opened at $25.43 on Friday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 29.57 and a beta of 1.25. The stock's 50 day simple moving average is $25.68 and its 200 day simple moving average is $25.72. Clear Secure, Inc. has a twelve month low of $16.48 and a twelve month 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 analysts' consensus estimates of $0.30 by ($0.04). The business 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 business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. On average, analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's dividend payout ratio (DPR) is currently 31.25%.

Insider Buying and Selling at Clear Secure

In other Clear Secure 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 sale, the director now owns 149,093 shares of the company's stock, valued at $3,807,835.22. This trade represents a 60.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 957,964 shares of company stock valued at $24,155,799 in the last 90 days. 39.73% of the stock is currently owned by insiders.

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.

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