Nisa Investment Advisors LLC Acquires 5,596 Shares of Clear Secure, Inc. (NYSE:YOU)

Nisa Investment Advisors LLC raised its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 468.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,790 shares of the company’s stock after purchasing an additional 5,596 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Clear Secure were worth $181,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new stake in Clear Secure in the third quarter worth about $62,950,000. FMR LLC lifted its position in shares of Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp boosted its stake in shares of Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after purchasing an additional 1,312,419 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Clear Secure during the third quarter valued at approximately $20,243,000. Finally, Principal Financial Group Inc. raised its stake in Clear Secure by 3,937.1% in 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 in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Stock Performance

NYSE:YOU opened at $23.46 on Friday. The firm’s fifty day moving average is $26.25 and its two-hundred day moving average is $28.20. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 27.27 and a beta of 1.41. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. As a group, equities research analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.