Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 39.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,891 shares of the company's stock after buying an additional 46,094 shares during the period. Lazard Asset Management LLC owned about 0.12% of Clear Secure worth $4,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock valued at $81,300,000 after purchasing an additional 3,039,236 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Clear Secure by 112.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after purchasing an additional 1,463,748 shares during the period. Wellington Management Group LLP raised its position in Clear Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after purchasing an additional 1,422,999 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Clear Secure in the 4th quarter worth $37,697,000. Finally, Copeland Capital Management LLC bought a new position in shares of Clear Secure during the 4th quarter worth $30,724,000. 73.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clear Secure

In related news, Director Kenneth L. Cornick sold 291,466 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the completion of the transaction, the director now owns 64,935 shares of the company's stock, valued at $1,626,621.75. This trade represents a 81.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 39.73% of the company's stock.

Clear Secure Stock Performance

YOU stock traded up $0.09 during trading on Monday, reaching $24.72. 1,626,042 shares of the company traded hands, compared to its average volume of 2,015,716. The business has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $25.88. Clear Secure, Inc. has a 12 month low of $16.48 and a 12 month high of $38.88. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 28.74 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The firm's quarterly revenue was up 18.1% on a year-over-year basis. As a group, research analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.02%. Clear Secure's payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

YOU has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $32.00 price target on shares of Clear Secure in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Clear Secure Company 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.