Cibc World Markets Corp Buys Shares of 8,215 Clear Secure, Inc. (NYSE:YOU)

Cibc World Markets Corp purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,215 shares of the company’s stock, valued at approximately $219,000.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after buying an additional 766 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after buying an additional 450 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Clear Secure in the fourth quarter valued at about $83,000. Finally, Blue Trust Inc. grew its position in Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after acquiring an additional 2,696 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on YOU shares. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday. Stifel Nicolaus cut their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Price Performance

YOU opened at $27.03 on Thursday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The company’s 50 day moving average price is $24.41 and its two-hundred day moving average price is $28.04. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 31.43 and a beta of 1.37.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.85%. Clear Secure’s dividend payout ratio is 32.47%.

About Clear Secure

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.