Allspring Global Investments Holdings LLC Purchases 7,139 Shares of Clear Secure, Inc. (NYSE:YOU)

Allspring Global Investments Holdings LLC lifted its position in shares of Clear Secure, Inc. (NYSE:YOU) by 67.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,707 shares of the company’s stock after purchasing an additional 7,139 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Clear Secure were worth $366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new stake in Clear Secure in the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new stake in Clear Secure in the 3rd quarter valued at $68,000. Aigen Investment Management LP bought a new stake in Clear Secure in the 3rd quarter valued at $192,000. SG Americas Securities LLC bought a new stake in Clear Secure in the 3rd quarter valued at $214,000. Finally, Amalgamated Bank lifted its position in Clear Secure by 6.2% in the 3rd quarter. Amalgamated Bank now owns 12,682 shares of the company’s stock valued at $241,000 after acquiring an additional 745 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Trading Up 2.0 %

Shares of YOU stock opened at $17.54 on Friday. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $27.75. The firm’s fifty day moving average price is $19.26 and its two-hundred day moving average price is $19.69. The firm has a market capitalization of $2.79 billion, a P/E ratio of 58.47 and a beta of 1.54.

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, hitting the consensus estimate of $0.16. The company had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. Clear Secure’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) EPS. As a group, equities research analysts forecast that Clear Secure, Inc. will post 0.41 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business 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. The ex-dividend date was Thursday, March 28th. This is a positive change from Clear Secure’s previous None dividend of $0.25. Clear Secure’s dividend payout ratio is 120.00%.

Analyst Ratings Changes

Several research firms recently commented on YOU. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research report on Tuesday, March 26th. Wedbush cut their price objective 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, Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research note on Tuesday, March 26th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.40.

Insider Activity at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were 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 approximately $834,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.94% of the stock is owned by company insiders.

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.