Asset Management One Co. Ltd. Invests $1.08 Million in Clear Secure, Inc. (NYSE:YOU)

Asset Management One Co. Ltd. purchased a new position in Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,777 shares of the company’s stock, valued at approximately $1,079,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YOU. Vanguard Group Inc. grew its holdings in Clear Secure by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,249,449 shares of the company’s stock worth $176,110,000 after acquiring an additional 143,300 shares in the last quarter. Aigen Investment Management LP bought a new stake in Clear Secure in the third quarter valued at about $192,000. Schonfeld Strategic Advisors LLC increased its holdings in Clear Secure by 93.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 122,300 shares of the company’s stock valued at $2,329,000 after buying an additional 58,961 shares during the last quarter. Algert Global LLC acquired a new stake in Clear Secure during the third quarter valued at approximately $3,342,000. Finally, Nordea Investment Management AB bought a new position in Clear Secure during the 4th quarter worth approximately $943,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on YOU shares. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a report on Tuesday, March 26th. Wedbush restated a “neutral” rating and issued a $23.00 price target on shares of Clear Secure in a research report on Wednesday, February 28th. TheStreet raised shares of Clear Secure from a “d+” rating to a “c-” rating in a report on Friday, December 22nd. Wells Fargo & Company reiterated an “underweight” rating and set a $20.00 price objective on shares of Clear Secure in a research note on Wednesday, December 20th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $28.80.

Insider Buying and Selling at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction 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 owns 41,727 shares of the company’s stock, valued at $834,540. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.94% of the stock is owned by company insiders.

Clear Secure Stock Performance

Clear Secure stock opened at $19.37 on Friday. Clear Secure, Inc. has a one year low of $15.28 and a one year high of $27.75. The company has a 50-day simple moving average of $19.56 and a 200-day simple moving average of $19.68. The firm has a market capitalization of $3.08 billion, a P/E ratio of 64.57 and a beta of 1.54.

Clear Secure (NYSE:YOU) last posted its earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm 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%. Clear Secure’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) EPS. As a group, sell-side analysts forecast that Clear Secure, Inc. will post 0.41 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently announced a None dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 1st were given a $0.32 dividend. This is a boost from Clear Secure’s previous None dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 28th. Clear Secure’s dividend payout ratio (DPR) is currently 120.00%.

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.