FORA Capital LLC Trims Stake in Clear Secure, Inc. (NYSE:YOU)

FORA Capital LLC decreased its position in Clear Secure, Inc. (NYSE:YOU) by 68.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,724 shares of the company’s stock after selling 43,521 shares during the period. FORA Capital LLC’s holdings in Clear Secure were worth $525,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of YOU. Vanguard Group Inc. raised its position in shares of Clear Secure by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock worth $333,718,000 after purchasing an additional 473,207 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Clear Secure by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock valued at $98,519,000 after purchasing an additional 501,000 shares during the last quarter. Wellington Management Group LLP boosted its stake in Clear Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock worth $88,512,000 after buying an additional 1,422,999 shares during the period. Pacer Advisors Inc. boosted its position in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after purchasing an additional 3,039,236 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Clear Secure by 112.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock worth $73,707,000 after buying an additional 1,463,748 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

YOU has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $32.00 price target on shares of Clear Secure in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Finally, Stifel Nicolaus decreased their price target on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Clear Secure Stock Down 0.9 %

Shares of NYSE:YOU opened at $24.06 on Friday. Clear Secure, Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $38.88. The firm’s 50 day moving average price is $25.74 and its 200 day moving average price is $26.42. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.08%. Clear Secure’s payout ratio is currently 32.47%.

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.