Federated Hermes Inc. Grows Position in Clear Secure, Inc. (NYSE:YOU)

Federated Hermes Inc. raised its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 346.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 93,276 shares of the company’s stock after acquiring an additional 72,399 shares during the quarter. Federated Hermes Inc.’s holdings in Clear Secure were worth $1,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new stake in shares of Clear Secure during the third quarter valued at about $29,000. DekaBank Deutsche Girozentrale bought a new position in Clear Secure during the third quarter valued at approximately $68,000. Aigen Investment Management LP bought a new position in Clear Secure during the third quarter valued at approximately $192,000. SG Americas Securities LLC bought a new position in Clear Secure during the third quarter valued at approximately $214,000. Finally, Amalgamated Bank grew its position in Clear Secure by 6.2% during the third quarter. Amalgamated Bank now owns 12,682 shares of the company’s stock valued at $241,000 after acquiring an additional 745 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s 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 sale, the insider now owns 41,727 shares of the company’s stock, valued at $834,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Tuesday, March 26th. Wedbush reduced their price target on shares of Clear Secure from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.40.

Clear Secure Stock Performance

NYSE:YOU opened at $17.54 on Monday. The firm has a market cap of $2.79 billion, a PE ratio of 58.47 and a beta of 1.54. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.75. The business has a 50 day moving average price of $19.26 and a 200-day moving average price of $19.72.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $170.97 million during the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Research analysts predict that Clear Secure, Inc. will post 0.54 EPS for the current year.

Clear Secure Increases Dividend

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