Clear Secure, Inc. (NYSE:YOU) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 346.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,276 shares of the company's stock after buying an additional 72,399 shares during the period. Federated Hermes Inc. owned about 0.06% of Clear Secure worth $1,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in YOU. AE Wealth Management LLC purchased a new position in shares of Clear Secure in the 3rd quarter valued at $444,000. SG Americas Securities LLC purchased a new stake in shares of Clear Secure during the third quarter valued at about $214,000. Bank of New York Mellon Corp boosted its holdings in shares of Clear Secure by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 340,890 shares of the company's stock valued at $6,491,000 after buying an additional 8,858 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Clear Secure by 21.3% during the 3rd quarter. Brown Advisory Inc. now owns 3,129,804 shares of the company's stock worth $59,591,000 after acquiring an additional 549,946 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Clear Secure by 23.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,524 shares of the company's stock valued at $277,000 after acquiring an additional 2,780 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Up 0.3 %

Shares of NYSE:YOU traded up $0.06 during trading on Monday, hitting $17.60. The stock had a trading volume of 2,081,255 shares, compared to its average volume of 1,516,988. The stock has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $19.72. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 58.67 and a beta of 1.54. Clear Secure, Inc. has a 12-month low of $15.28 and a 12-month high of $27.75.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $170.97 million during the quarter, compared to analysts' expectations of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The business's quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) EPS. As a group, sell-side analysts forecast that Clear Secure, Inc. will post 0.54 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently disclosed a None dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 1st were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, March 28th. This is a positive change from Clear Secure's previous None dividend of $0.25. Clear Secure's dividend payout ratio (DPR) is presently 120.00%.

Insider Activity

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the completion of the transaction, the insider now directly owns 41,727 shares of the company's stock, valued at $834,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 39.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on YOU. Wedbush reduced their price target on Clear Secure from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Clear Secure in a research report on Tuesday, March 26th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $34.00 target price on shares of Clear Secure in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.40.

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.