Envestnet Asset Management Inc. Has $4.96 Million Stake in Clear Secure, Inc. (NYSE:YOU)

Envestnet Asset Management Inc. increased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 784.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,320 shares of the company’s stock after purchasing an additional 165,251 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of Clear Secure worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after buying an additional 771 shares during the period. Huntington National Bank bought a new position in Clear Secure during the fourth quarter worth about $35,000. SRS Capital Advisors Inc. increased its position in Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after acquiring an additional 766 shares during the period. Harbour Investments Inc. raised its stake in 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 purchasing an additional 450 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Clear Secure in the 4th quarter valued at about $83,000. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Price Performance

Shares of YOU opened at $25.70 on Wednesday. The firm has a 50 day simple moving average of $25.21 and a two-hundred day simple moving average of $27.24. The company has a market cap of $3.52 billion, a P/E ratio of 29.88 and a beta of 1.25. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Stifel Nicolaus lowered their target price on shares of 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 reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

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.