Occudo Quantitative Strategies LP Has $374,000 Stake in Clear Secure, Inc. (NYSE:YOU)

Occudo Quantitative Strategies LP reduced its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 50.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,030 shares of the company's stock after selling 14,150 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Clear Secure were worth $374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank acquired a new position in shares of Clear Secure in the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. boosted its holdings in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after acquiring an additional 766 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Clear Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after acquiring an additional 2,276 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares in the last quarter. Finally, Natixis acquired a new position in shares of Clear Secure in the 4th quarter worth approximately $73,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on YOU shares. Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 target price on shares of Clear Secure in a report on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

Clear Secure Price Performance

YOU stock opened at $24.65 on Friday. The company has a 50 day moving average price of $25.70 and a 200 day moving average price of $26.12. Clear Secure, Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $38.88. The stock has a market capitalization of $3.37 billion, a PE ratio of 28.66 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same quarter last year, the firm earned $0.28 EPS. The business's revenue for the quarter was up 18.1% on a year-over-year basis. As a group, equities analysts expect that Clear Secure, Inc. will post 0.98 earnings per share 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 given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's payout ratio is 31.25%.

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.

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