Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. increased its position in Clear Secure, Inc. (NYSE:YOU) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,855 shares of the company’s stock after buying an additional 700 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Clear Secure were worth $534,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its position in shares of Clear Secure by 20.9% in the third quarter. Royal Bank of Canada now owns 2,357 shares of the company’s stock valued at $54,000 after buying an additional 407 shares during the last quarter. Arizona State Retirement System increased its position in Clear Secure by 2.8% during the fourth quarter. Arizona State Retirement System now owns 21,143 shares of the company’s stock worth $437,000 after purchasing an additional 583 shares during the last quarter. Legal & General Group Plc increased its position in Clear Secure by 4.2% during the fourth quarter. Legal & General Group Plc now owns 16,427 shares of the company’s stock worth $451,000 after purchasing an additional 668 shares during the last quarter. Amalgamated Bank increased its position in Clear Secure by 6.2% during the third quarter. Amalgamated Bank now owns 12,682 shares of the company’s stock worth $241,000 after purchasing an additional 745 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its position in Clear Secure by 12.9% during the first quarter. Advisor Group Holdings Inc. now owns 7,858 shares of the company’s stock worth $210,000 after purchasing an additional 899 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on YOU. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Tuesday, March 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Tuesday, March 26th. Wedbush reaffirmed a “neutral” rating and set a $23.00 price target on shares of Clear Secure in a research report on Wednesday, February 28th. TheStreet raised shares of Clear Secure from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $20.00 price objective on shares of Clear Secure in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, two have given 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 “Hold” and a consensus price target of $28.80.

Clear Secure Stock Up 2.0 %

YOU opened at $18.99 on Wednesday. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $27.75. The company has a 50 day moving average of $19.54 and a two-hundred day moving average of $19.69. The company has a market cap of $3.02 billion, a P/E ratio of 63.30 and a beta of 1.54.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The company had revenue of $170.97 million during the quarter, compared to the consensus estimate of $166.56 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. Clear Secure’s revenue for the quarter was up 33.3% on a year-over-year basis. Research analysts anticipate that Clear Secure, Inc. will post 0.41 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a None dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 1st were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Clear Secure’s previous None dividend of $0.25. Clear Secure’s dividend payout ratio is 120.00%.

Insider Activity

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the completion of the transaction, the insider now directly owns 41,727 shares in the company, valued at $834,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.94% of the company’s stock.

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.