Commonwealth Equity Services LLC Grows Position in Clear Secure, Inc. (NYSE:YOU)

Commonwealth Equity Services LLC grew its stake in shares of Clear Secure, Inc. (NYSE:YOUGet Rating) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,529 shares of the company’s stock after purchasing an additional 1,768 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Clear Secure were worth $894,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Clear Secure by 688.3% in the third quarter. Royal Bank of Canada now owns 2,365 shares of the company’s stock worth $97,000 after acquiring an additional 2,065 shares during the period. Captrust Financial Advisors purchased a new stake in Clear Secure in the third quarter worth $99,000. CIBC Asset Management Inc purchased a new stake in Clear Secure in the third quarter worth $239,000. Bank of New York Mellon Corp purchased a new stake in Clear Secure in the third quarter worth $281,000. Finally, UBS Group AG purchased a new stake in Clear Secure in the third quarter worth $396,000. 54.13% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Durable Capital Partners Lp purchased 161,060 shares of Clear Secure stock in a transaction dated Wednesday, January 26th. The stock was purchased at an average cost of $21.82 per share, for a total transaction of $3,514,329.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have bought 1,299,325 shares of company stock valued at $32,235,397 over the last 90 days.

YOU has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on Clear Secure from $29.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 15th. Stifel Nicolaus increased their price objective on Clear Secure from $32.00 to $34.00 in a report on Wednesday, March 23rd. Loop Capital decreased their price objective on Clear Secure from $40.00 to $26.00 in a report on Wednesday, March 30th. Telsey Advisory Group decreased their price objective on Clear Secure from $62.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 21st. Finally, Zacks Investment Research upgraded Clear Secure from a “sell” rating to a “hold” rating in a report on Friday, January 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.29.

Shares of NYSE:YOU opened at $29.20 on Friday. Clear Secure, Inc. has a 1-year low of $18.79 and a 1-year high of $65.70. The business has a fifty day moving average price of $25.71 and a 200-day moving average price of $30.32.

Clear Secure (NYSE:YOUGet Rating) last issued its quarterly earnings results on Wednesday, March 23rd. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.15. Clear Secure had a negative return on equity of 29.53% and a negative net margin of 19.38%. The firm had revenue of $80.70 million during the quarter, compared to the consensus estimate of $78.12 million. Clear Secure’s revenue was up 51.7% compared to the same quarter last year. On average, sell-side analysts predict that Clear Secure, Inc. will post -0.42 EPS for the current fiscal year.

Clear Secure Profile (Get Rating)

Clear Secure, Inc focuses on operating as a holding company for Alclear Holdings LLC that provides a member-centric secure identity platform using biometric data in the United States. The company's secure identity platform uses biometrics to automate the identity verification process through CLEAR lanes in airports.

Read More

Want to see what other hedge funds are holding YOU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clear Secure, Inc. (NYSE:YOUGet Rating).

Institutional Ownership by Quarter for Clear Secure (NYSE:YOU)

Receive News & Ratings for Clear Secure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clear Secure and related companies with MarketBeat.com's FREE daily email newsletter.