Oberweis Asset Management Inc. Raises Holdings in Clear Secure, Inc. (NYSE:YOU)

Oberweis Asset Management Inc. increased its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,400 shares of the company's stock after acquiring an additional 30,000 shares during the period. Oberweis Asset Management Inc. owned about 0.44% of Clear Secure worth $16,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Clear Secure during the third quarter worth about $480,000. Tidal Investments LLC purchased a new position in Clear Secure in the 3rd quarter valued at approximately $1,026,000. Franklin Resources Inc. grew its stake in shares of Clear Secure by 10.9% in the third quarter. Franklin Resources Inc. now owns 46,175 shares of the company's stock worth $1,612,000 after acquiring an additional 4,527 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Clear Secure in the third quarter valued at $20,243,000. Finally, Principal Financial Group Inc. boosted its holdings in Clear Secure by 3,937.1% in the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock valued at $15,866,000 after purchasing an additional 466,901 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Price Performance

Shares of NYSE YOU traded up $0.28 during midday trading on Tuesday, hitting $25.34. 505,383 shares of the company's stock were exchanged, compared to its average volume of 2,117,233. The firm's fifty day simple moving average is $25.44 and its 200-day simple moving average is $26.99. The company has a market cap of $3.47 billion, a PE ratio of 29.46 and a beta of 1.25. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.97%. Clear Secure's payout ratio is currently 32.47%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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 research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a report 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.00.

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.