Clear Secure, Inc. (NYSE:YOU) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in Clear Secure, Inc. (NYSE:YOU) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,198,784 shares of the company’s stock after selling 15,672 shares during the quarter. Janney Montgomery Scott LLC owned about 0.86% of Clear Secure worth $31,936,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the second quarter valued at $26,000. Capital Performance Advisors LLP purchased a new position in Clear Secure during the third quarter valued at approximately $26,000. GAMMA Investing LLC raised its position in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 771 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Clear Secure in the third quarter valued at approximately $33,000. Finally, KBC Group NV purchased a new stake in Clear Secure in the 3rd quarter worth approximately $90,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Telsey Advisory Group raised their price target on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wedbush reiterated a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, December 16th. Finally, Stifel Nicolaus raised their target price on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Clear Secure presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Stock Performance

NYSE:YOU opened at $23.99 on Friday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The stock has a market cap of $3.34 billion, a PE ratio of 27.90 and a beta of 1.41. The stock has a 50 day moving average price of $26.49 and a 200 day moving average price of $28.04.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $198.40 million during the quarter, compared to analysts’ expectations of $194.62 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were issued a $0.125 dividend. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure’s dividend payout ratio is currently 58.14%.

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.