IQ EQ FUND MANAGEMENT IRELAND Ltd Invests $5.10 Million in Clear Secure, Inc. (NYSE:YOU)

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 191,345 shares of the company’s stock, valued at approximately $5,097,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in shares of Clear Secure during the third quarter valued at approximately $2,401,000. FMR LLC grew its position in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after purchasing an additional 1,547,692 shares during the period. William Blair Investment Management LLC bought a new stake in Clear Secure during the 4th quarter valued at $37,697,000. Principal Financial Group Inc. raised its holdings in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock worth $15,866,000 after buying an additional 466,901 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Clear Secure by 6.4% in the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock valued at $77,788,000 after buying an additional 141,208 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on YOU shares. Stifel Nicolaus decreased their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Clear Secure Stock Down 1.7 %

YOU stock opened at $27.03 on Thursday. The firm has a market cap of $3.70 billion, a PE ratio of 31.43 and a beta of 1.37. The business has a 50 day moving average of $24.41 and a 200-day moving average of $28.04. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, March 10th. Clear Secure’s payout ratio is 32.47%.

Clear Secure 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.