Clear Secure, Inc. (NYSE:YOU) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,884 shares of the company’s stock after acquiring an additional 6,260 shares during the period. Avantax Advisory Services Inc.’s holdings in Clear Secure were worth $700,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Asset Management One Co. Ltd. purchased a new stake in shares of Clear Secure in the fourth quarter valued at approximately $1,079,000. Vanguard Group Inc. boosted its stake in Clear Secure by 1.6% during the third quarter. Vanguard Group Inc. now owns 9,249,449 shares of the company’s stock worth $176,110,000 after buying an additional 143,300 shares during the last quarter. National Bank of Canada FI grew its holdings in Clear Secure by 119,250.0% in the 4th quarter. National Bank of Canada FI now owns 95,480 shares of the company’s stock valued at $1,952,000 after buying an additional 95,400 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Clear Secure by 346.8% in the 4th quarter. Federated Hermes Inc. now owns 93,276 shares of the company’s stock worth $1,926,000 after acquiring an additional 72,399 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Clear Secure during the 3rd quarter worth $192,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research note on Wednesday, May 15th. Finally, Wedbush reissued a “neutral” rating and set a $21.00 price objective on shares of Clear Secure in a research report on Wednesday, May 8th. 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, the stock has an average rating of “Hold” and a consensus target price of $28.40.

Clear Secure Stock Up 0.2 %

YOU opened at $17.33 on Tuesday. The firm has a market cap of $2.51 billion, a P/E ratio of 30.95 and a beta of 1.59. Clear Secure, Inc. has a 52 week low of $15.28 and a 52 week high of $27.75. The business has a fifty day simple moving average of $18.81 and a 200-day simple moving average of $19.76.

Clear Secure (NYSE:YOU) last released its earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. The company had revenue of $170.97 million during the quarter, compared to the consensus estimate of $166.56 million. During the same period in the previous year, the company posted ($0.12) EPS. Clear Secure’s revenue was up 33.3% compared to the same quarter last year. Sell-side analysts expect that Clear Secure, Inc. will post 0.82 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be paid a $0.10 dividend. This is an increase from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, June 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.31%. Clear Secure’s payout ratio is 64.29%.

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.