Corient Private Wealth LLC Makes New $1.19 Million Investment in Clear Secure, Inc. (NYSE:YOU)

Corient Private Wealth LLC purchased a new position in shares of Clear Secure, Inc. (NYSE:YOUFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 57,709 shares of the company’s stock, valued at approximately $1,192,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd lifted its position in Clear Secure by 23.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 100,526 shares of the company’s stock worth $2,076,000 after buying an additional 18,992 shares in the last quarter. Brown Advisory Inc. lifted its position in Clear Secure by 3.2% during the 4th quarter. Brown Advisory Inc. now owns 3,230,815 shares of the company’s stock worth $66,716,000 after buying an additional 101,011 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Clear Secure by 13.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 376,068 shares of the company’s stock worth $7,766,000 after buying an additional 45,516 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Clear Secure by 22.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 33,884 shares of the company’s stock worth $700,000 after buying an additional 6,260 shares in the last quarter. Finally, Qsemble Capital Management LP raised its holdings in shares of Clear Secure by 96.1% in the 4th quarter. Qsemble Capital Management LP now owns 47,075 shares of the company’s stock valued at $972,000 after purchasing an additional 23,075 shares during the period. 73.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Clear Secure in a report on Wednesday, May 15th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Clear Secure in a report on Wednesday, May 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.40.

Get Our Latest Analysis on Clear Secure

Clear Secure Stock Up 1.5 %

Clear Secure stock opened at $16.89 on Monday. The stock has a market cap of $2.45 billion, a P/E ratio of 30.16 and a beta of 1.56. Clear Secure, Inc. has a twelve month low of $15.28 and a twelve month high of $27.75. The company’s 50-day moving average price is $18.34 and its two-hundred day moving average price is $19.63.

Clear Secure (NYSE:YOUGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.13. The firm had revenue of $179.05 million for the quarter, compared to analysts’ expectations of $173.28 million. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. Equities analysts anticipate that Clear Secure, Inc. will post 0.82 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, June 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s dividend payout ratio is presently 64.29%.

About Clear Secure

(Free Report)

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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Institutional Ownership by Quarter for Clear Secure (NYSE:YOU)

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