Edgestream Partners L.P. Purchases New Position in Clear Secure, Inc. (NYSE:YOU)

Edgestream Partners L.P. purchased a new stake in Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 88,458 shares of the company’s stock, valued at approximately $2,357,000.

Several other large investors have also recently added to or reduced their stakes in YOU. Pacer Advisors Inc. increased its holdings in Clear Secure by 24,161.2% in the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after purchasing an additional 3,039,236 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Clear Secure in the 3rd quarter valued at $62,950,000. FMR LLC increased its holdings in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after purchasing an additional 1,547,692 shares in the last quarter. State Street Corp increased its holdings in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after purchasing an additional 1,312,419 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in Clear Secure in the 4th quarter valued at $30,724,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Stock Performance

Shares of YOU stock opened at $25.63 on Monday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The company’s 50-day simple moving average is $24.59 and its 200-day simple moving average is $28.32. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 29.80 and a beta of 1.37.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Clear Secure’s payout ratio is 32.47%.

Analyst Ratings Changes

A number of equities analysts have weighed in on YOU shares. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Stifel Nicolaus decreased their price objective 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Clear Secure has a consensus rating of “Moderate Buy” and a consensus price target 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.