EntryPoint Capital LLC Takes Position in Clear Secure, Inc. (NYSE:YOU)

EntryPoint Capital LLC purchased a new position in Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,734 shares of the company’s stock, valued at approximately $286,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Clear Secure by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock worth $333,718,000 after buying an additional 473,207 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Clear Secure during the 4th quarter worth approximately $1,095,000. Sei Investments Co. grew its holdings in Clear Secure by 35.4% during the fourth quarter. Sei Investments Co. now owns 72,101 shares of the company’s stock valued at $1,921,000 after purchasing an additional 18,861 shares during the period. American Century Companies Inc. increased its stake in Clear Secure by 18.1% in the fourth quarter. American Century Companies Inc. now owns 41,188 shares of the company’s stock valued at $1,097,000 after purchasing an additional 6,316 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in Clear Secure by 316.9% in the fourth quarter. Quantbot Technologies LP now owns 47,907 shares of the company’s stock worth $1,276,000 after purchasing an additional 36,415 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on YOU shares. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday. Stifel Nicolaus dropped their price target on 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 issued a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Trading Up 0.7 %

YOU stock opened at $27.25 on Friday. The stock has a 50-day moving average price of $24.44 and a two-hundred day moving average price of $28.03. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The stock has a market cap of $3.73 billion, a PE ratio of 31.68 and a beta of 1.37.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.84%. Clear Secure’s payout ratio is presently 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.