Dai ichi Life Insurance Company Ltd Takes $3.10 Million Position in Clear Secure, Inc. (NYSE:YOU)

Dai ichi Life Insurance Company Ltd purchased a new stake in Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 150,093 shares of the company’s stock, valued at approximately $3,099,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Clear Secure by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 9,249,449 shares of the company’s stock valued at $176,110,000 after purchasing an additional 143,300 shares during the last quarter. FMR LLC increased its stake in shares of Clear Secure by 28.7% in the 3rd quarter. FMR LLC now owns 3,641,892 shares of the company’s stock valued at $69,342,000 after purchasing an additional 811,586 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Clear Secure by 3.2% in the 4th quarter. Brown Advisory Inc. now owns 3,230,815 shares of the company’s stock valued at $66,716,000 after purchasing an additional 101,011 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Clear Secure by 13.0% in the 3rd quarter. Clearbridge Investments LLC now owns 1,637,999 shares of the company’s stock valued at $31,188,000 after purchasing an additional 188,352 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Clear Secure by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,967 shares of the company’s stock valued at $13,525,000 after purchasing an additional 12,469 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on YOU. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research report on Wednesday, May 15th. Wedbush restated a “neutral” rating and set a $21.00 price objective on shares of Clear Secure in a research report on Wednesday, May 8th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.40.

Clear Secure Stock Up 0.5 %

YOU traded up $0.08 during midday trading on Thursday, hitting $17.18. 111,081 shares of the company were exchanged, compared to its average volume of 1,578,880. The firm has a market capitalization of $2.49 billion, a P/E ratio of 30.54 and a beta of 1.59. Clear Secure, Inc. has a 1-year low of $15.28 and a 1-year high of $27.75. The firm’s 50 day moving average price is $18.70 and its 200-day moving average price is $19.74.

Clear Secure (NYSE:YOU) last announced its earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $170.97 million for the quarter, compared to the consensus estimate of $166.56 million. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) EPS. On average, sell-side analysts predict that Clear Secure, Inc. will post 0.82 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, June 10th. Clear Secure’s payout ratio is currently 64.29%.

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.