Cornerstone Wealth Management LLC Sells 917 Shares of Clear Secure, Inc. (NYSE:YOU)

Cornerstone Wealth Management LLC lessened its holdings in Clear Secure, Inc. (NYSE:YOU) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,683 shares of the company’s stock after selling 917 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Clear Secure were worth $897,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of YOU. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Clear Secure in the second quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in Clear Secure during the third quarter worth about $26,000. GAMMA Investing LLC lifted its position in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $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 third quarter worth about $33,000. Finally, KBC Group NV bought a new stake in Clear Secure during the third quarter worth about $90,000. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

YOU has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Monday, December 16th. Wedbush reissued a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Telsey Advisory Group upped their price objective on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

Clear Secure Price Performance

Clear Secure stock opened at $24.12 on Friday. The business has a 50 day moving average of $26.45 and a 200-day moving average of $28.07. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The company has a market capitalization of $3.36 billion, a P/E ratio of 28.04 and a beta of 1.41.

Clear Secure (NYSE:YOU) last released its earnings results 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). The firm had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. Equities analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Tuesday, December 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio is currently 58.14%.

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.