Ieq Capital LLC Purchases New Shares in Clear Secure, Inc. (NYSE:YOU)

Ieq Capital LLC bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,483 shares of the company’s stock, valued at approximately $546,000.

Other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure during the 3rd quarter worth $26,000. GAMMA Investing LLC increased its holdings in Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares in the last quarter. KBC Group NV acquired a new stake in shares of Clear Secure in the third quarter valued at about $90,000. Blue Trust Inc. increased its stake in shares of Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after buying an additional 2,696 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Clear Secure by 468.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company’s stock valued at $181,000 after buying an additional 5,596 shares during the period. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Trading Down 6.4 %

Shares of YOU opened at $22.26 on Thursday. The stock has a 50 day moving average of $24.95 and a 200 day moving average of $28.48. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 25.88 and a beta of 1.38.

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, March 10th. Clear Secure’s dividend payout ratio is currently 58.14%.

Wall Street Analyst Weigh In

YOU has been the subject of several recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

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.