Navellier & Associates Inc. Takes $1.06 Million Position in Clear Secure, Inc. (NYSE:YOU)

Navellier & Associates Inc. acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 39,651 shares of the company’s stock, valued at approximately $1,056,000.

Several other institutional investors and hedge funds 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 valued at $26,000. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Clear Secure by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company’s stock valued at $1,209,000 after purchasing an additional 800 shares during the period. State of Alaska Department of Revenue raised its position in shares of Clear Secure by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 53,431 shares of the company’s stock valued at $1,423,000 after purchasing an additional 821 shares during the period. Finally, KBC Group NV grew its stake in Clear Secure by 50.1% during the fourth quarter. KBC Group NV now owns 4,063 shares of the company’s stock valued at $108,000 after acquiring an additional 1,357 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. 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, December 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a research note on Friday. Finally, Stifel Nicolaus raised their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Stock Up 5.3 %

Shares of NYSE:YOU opened at $23.58 on Friday. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The stock has a market capitalization of $3.29 billion, a P/E ratio of 27.42 and a beta of 1.38. The firm has a fifty day simple moving average of $25.12 and a two-hundred day simple moving average of $28.51.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.12%. Clear Secure’s payout ratio is currently 58.14%.

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.