Jump Financial LLC Makes New Investment in Clear Secure, Inc. (NYSE:YOU)

Jump Financial LLC bought a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,940 shares of the company's stock, valued at approximately $1,677,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of YOU. GAMMA Investing LLC grew its stake in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after buying an additional 771 shares during the last quarter. Huntington National Bank acquired a new position in shares of Clear Secure in the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. lifted its holdings 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 during the period. Harbour Investments Inc. increased 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 buying an additional 450 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Clear Secure during the 4th quarter worth $83,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YOU has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Stifel Nicolaus lowered their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Stock Up 0.4 %

Shares of YOU traded up $0.09 during mid-day trading on Friday, hitting $25.84. The company had a trading volume of 265,714 shares, compared to its average volume of 1,995,032. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The business's 50-day simple moving average is $25.33 and its 200-day simple moving average is $27.19. The stock has a market cap of $3.54 billion, a PE ratio of 30.04 and a beta of 1.25.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. Clear Secure's dividend payout ratio is presently 32.47%.

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.