Hanseatic Management Services Inc. Purchases New Shares in Clear Secure, Inc. (NYSE:YOU)

Hanseatic Management Services Inc. purchased a new position in Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,751 shares of the company’s stock, valued at approximately $446,000.

Several other institutional investors and hedge funds also recently bought and sold shares of YOU. Arkadios Wealth Advisors raised its stake in shares of Clear Secure by 15.5% in the fourth quarter. Arkadios Wealth Advisors now owns 13,742 shares of the company’s stock valued at $366,000 after acquiring an additional 1,848 shares during the period. Tealwood Asset Management Inc. bought a new position in Clear Secure during the 4th quarter valued at about $1,248,000. First Hawaiian Bank raised its position in Clear Secure by 325.6% in the 4th quarter. First Hawaiian Bank now owns 43,396 shares of the company’s stock worth $1,156,000 after purchasing an additional 33,200 shares during the period. CWA Asset Management Group LLC lifted its stake in Clear Secure by 22.5% in the fourth quarter. CWA Asset Management Group LLC now owns 29,404 shares of the company’s stock worth $783,000 after purchasing an additional 5,406 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Clear Secure by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 351,999 shares of the company’s stock valued at $9,465,000 after buying an additional 13,322 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Stock Down 0.0 %

Shares of NYSE:YOU opened at $26.01 on Friday. The business’s 50 day moving average is $26.68 and its 200 day moving average is $27.94. The stock has a market cap of $3.63 billion, a P/E ratio of 30.24 and a beta of 1.41. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results 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). The firm had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. Clear Secure’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. On average, sell-side analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were issued a $0.125 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.92%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is currently 58.14%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on YOU. Stifel Nicolaus increased their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Telsey Advisory Group increased their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush reissued 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.