Burney Co. decreased its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 70.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,171 shares of the company's stock after selling 31,733 shares during the period. Burney Co.'s holdings in Clear Secure were worth $351,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Clear Secure during the 2nd quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure in the 3rd quarter valued at approximately $26,000. GAMMA Investing LLC boosted its position in shares of Clear Secure by 221.6% during the fourth 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. Future Financial Wealth Managment LLC bought a new position in Clear Secure in the 3rd quarter worth approximately $33,000. Finally, KBC Group NV acquired a new stake in Clear Secure in the 3rd quarter valued at approximately $90,000. Institutional investors and hedge funds own 73.80% of the company's stock.
A number of research analysts have issued reports on YOU shares. Telsey Advisory Group boosted their price target on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, December 16th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.20.
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Clear Secure stock opened at $26.01 on Friday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The stock has a market cap of $3.63 billion, a P/E ratio of 30.24 and a beta of 1.41. The company's fifty day simple moving average is $26.68 and its 200-day simple moving average is $27.94.
Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The firm had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company's quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were given a $0.125 dividend. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Tuesday, December 10th. Clear Secure's dividend payout ratio (DPR) is currently 58.14%.
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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