Navellier & Associates Inc. Makes New Investment in Clear Secure, Inc. (NYSE:YOU)

Navellier & Associates Inc. acquired a new position in Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 39,651 shares of the company’s stock, valued at approximately $1,056,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the 3rd quarter worth $26,000. GAMMA Investing LLC lifted its holdings in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Clear Secure by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company’s stock worth $1,209,000 after acquiring an additional 800 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Clear Secure by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 53,431 shares of the company’s stock worth $1,423,000 after acquiring an additional 821 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Clear Secure by 50.1% in the 4th quarter. KBC Group NV now owns 4,063 shares of the company’s stock worth $108,000 after acquiring an additional 1,357 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YOU has been the subject of several analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a report on Friday. Stifel Nicolaus raised their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wedbush restated a “neutral” rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 target price 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 issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Price Performance

Shares of YOU opened at $23.58 on Friday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a 50-day moving average of $25.12 and a 200 day moving average of $28.51. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 27.42 and a beta of 1.38.

Clear Secure Dividend Announcement

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