Stanley Laman Group Ltd. Has $709,000 Stake in Clear Secure, Inc. (NYSE:YOU)

Stanley Laman Group Ltd. decreased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,336 shares of the company’s stock after selling 2,448 shares during the period. Stanley Laman Group Ltd.’s holdings in Clear Secure were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. BluePath Capital Management LLC bought a new position in Clear Secure in the third quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale bought a new position in Clear Secure in the third quarter valued at approximately $68,000. Aigen Investment Management LP bought a new position in Clear Secure in the third quarter valued at approximately $192,000. SG Americas Securities LLC bought a new position in shares of Clear Secure during the third quarter worth $214,000. Finally, Amalgamated Bank boosted its position in shares of Clear Secure by 6.2% during the third quarter. Amalgamated Bank now owns 12,682 shares of the company’s stock worth $241,000 after purchasing an additional 745 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the sale, the insider now directly owns 41,727 shares in the company, valued at approximately $834,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on YOU shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Tuesday, March 26th. Wedbush reduced their price target on shares of Clear Secure from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.40.

Clear Secure Stock Up 2.0 %

Shares of NYSE:YOU traded up $0.34 during midday trading on Friday, reaching $17.54. 2,164,378 shares of the company were exchanged, compared to its average volume of 1,510,006. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.75. The stock has a fifty day simple moving average of $19.26 and a two-hundred day simple moving average of $19.69. The firm has a market cap of $2.79 billion, a PE ratio of 58.47 and a beta of 1.54.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The firm had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. During the same period in the previous year, the business earned ($0.12) EPS. The company’s revenue was up 33.3% compared to the same quarter last year. As a group, analysts forecast that Clear Secure, Inc. will post 0.41 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently declared a None dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 1st were paid a $0.32 dividend. This is a positive change from Clear Secure’s previous None dividend of $0.25. The ex-dividend date was Thursday, March 28th. Clear Secure’s payout ratio is presently 120.00%.

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.