First Dallas Securities Inc. Acquires 3,450 Shares of Clear Secure, Inc. (NYSE:YOU)

First Dallas Securities Inc. raised its position in Clear Secure, Inc. (NYSE:YOU) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,400 shares of the company’s stock after purchasing an additional 3,450 shares during the period. First Dallas Securities Inc.’s holdings in Clear Secure were worth $304,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after buying an additional 3,039,236 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Clear Secure during the third quarter valued at about $62,950,000. FMR LLC raised its stake in shares of Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after acquiring an additional 1,547,692 shares during the last quarter. State Street Corp raised its stake in Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after buying an additional 1,312,419 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new position in Clear Secure in the fourth quarter worth about $30,724,000. 73.80% of the stock is owned by institutional investors.

Clear Secure Trading Down 0.6 %

YOU stock opened at $23.52 on Tuesday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The company has a 50-day moving average price of $26.13 and a 200 day moving average price of $28.35. The stock has a market cap of $3.28 billion, a PE 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wedbush restated a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research report on Monday, December 16th. Finally, Telsey Advisory Group raised their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

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.