BayBridge Capital Group LLC Sells 3,734 Shares of Clear Secure, Inc. (NYSE:YOU)

BayBridge Capital Group LLC lessened its holdings in Clear Secure, Inc. (NYSE:YOU) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,800 shares of the company’s stock after selling 3,734 shares during the quarter. BayBridge Capital Group LLC’s holdings in Clear Secure were worth $421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC boosted 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 during the period. State Street Corp raised its position in shares of Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after buying an additional 1,312,419 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after buying an additional 3,039,236 shares during the period. Geode Capital Management LLC grew its position in Clear Secure by 6.4% during the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after buying an additional 141,208 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Clear Secure during the 3rd quarter worth $62,950,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Wedbush restated a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, December 16th. Finally, Telsey Advisory Group boosted their price objective 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.20.

Clear Secure Stock Up 0.4 %

Shares of NYSE:YOU opened at $23.20 on Friday. The business has a fifty day simple moving average of $25.89 and a 200 day simple moving average of $28.32. The firm has a market cap of $3.23 billion, a P/E ratio of 26.98 and a beta of 1.38. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

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

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.