Tidal Investments LLC Makes New $1.03 Million Investment in Clear Secure, Inc. (NYSE:YOU)

Tidal Investments LLC acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,959 shares of the company’s stock, valued at approximately $1,026,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Clear Secure by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 477,605 shares of the company’s stock valued at $8,936,000 after acquiring an additional 35,426 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of Clear Secure in the 2nd quarter valued at about $252,000. Arkadios Wealth Advisors purchased a new stake in shares of Clear Secure during the 2nd quarter worth about $232,000. Panagora Asset Management Inc. increased its position in Clear Secure by 6.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 180,712 shares of the company’s stock worth $3,381,000 after purchasing an additional 11,720 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock valued at $222,000 after buying an additional 681 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Price Performance

Clear Secure stock opened at $25.61 on Friday. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 29.78 and a beta of 1.43. The firm’s fifty day moving average price is $30.33 and its 200 day moving average price is $26.63.

Clear Secure (NYSE:YOU) last announced its 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 business had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. Analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.125 per share. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Tuesday, December 10th. Clear Secure’s dividend payout ratio is 58.14%.

Wall Street Analyst Weigh In

YOU has been the subject of several research reports. Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush reiterated a “neutral” rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Stifel Nicolaus raised their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.67.

Insider Transactions at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 37.85% of the company’s stock.

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.