DekaBank Deutsche Girozentrale Boosts Stock Position in Clear Secure, Inc. (NYSE:YOU)

DekaBank Deutsche Girozentrale lifted its position in shares of Clear Secure, Inc. (NYSE:YOU) by 108.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,545 shares of the company’s stock after purchasing an additional 3,928 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Clear Secure were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of YOU. BluePath Capital Management LLC purchased a new position in shares of Clear Secure during the third quarter worth approximately $29,000. Quarry LP purchased a new stake in shares of Clear Secure in the 1st quarter valued at $38,000. Point72 Hong Kong Ltd bought a new position in shares of Clear Secure during the 2nd quarter valued at $45,000. Royal Bank of Canada raised its position in Clear Secure by 20.9% in the 3rd quarter. Royal Bank of Canada now owns 2,357 shares of the company’s stock worth $54,000 after purchasing an additional 407 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Clear Secure in the 2nd quarter worth $73,000. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction dated Wednesday, February 14th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 39.94% of the company’s stock.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $18.99 on Wednesday. The stock’s 50-day moving average is $19.54 and its 200 day moving average is $19.69. The company has a market cap of $3.02 billion, a PE ratio of 63.30 and a beta of 1.54. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $27.75.

Clear Secure (NYSE:YOU) last posted its earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The firm had revenue of $170.97 million for the quarter, compared to analysts’ expectations of $166.56 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The business’s revenue was up 33.3% compared to the same quarter last year. Analysts expect that Clear Secure, Inc. will post 0.41 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently announced a None dividend, which was paid on Monday, April 8th. Stockholders 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%.

Clear Secure 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.