Robeco Institutional Asset Management B.V. Sells 12,205 Shares of Clear Secure, Inc. (NYSE:YOU)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 16.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 62,282 shares of the company’s stock after selling 12,205 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Clear Secure were worth $1,659,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Truist Financial Corp boosted its stake in shares of Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock worth $544,000 after acquiring an additional 582 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Clear Secure during the 3rd quarter valued at approximately $26,000. GAMMA Investing LLC boosted its stake in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Clear Secure during the 3rd quarter valued at approximately $33,000. Finally, KBC Group NV raised its holdings in Clear Secure by 50.1% in the 4th quarter. KBC Group NV now owns 4,063 shares of the company’s stock valued at $108,000 after acquiring an additional 1,357 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on YOU. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. 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 report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, December 16th. Finally, Stifel Nicolaus increased their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Clear Secure Price Performance

YOU stock opened at $23.52 on Tuesday. The business has a fifty day moving average price of $26.13 and a 200 day moving average price of $28.35. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 27.35 and a beta of 1.38.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The firm had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, equities analysts expect that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

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.