Baltimore Washington Financial Advisors Inc. Buys Shares of 10,000 Clear Secure, Inc. (NYSE:YOU)

Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also modified their holdings of YOU. Capital Performance Advisors LLP purchased a new stake in shares of Clear Secure during the 3rd quarter worth about $26,000. Future Financial Wealth Managment LLC purchased a new position in shares of Clear Secure during the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC boosted its stake in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 771 shares during the last quarter. KBC Group NV acquired a new stake in shares of Clear Secure during the 3rd quarter valued at approximately $90,000. Finally, NBC Securities Inc. acquired a new stake in shares of Clear Secure during the 3rd quarter valued at approximately $105,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Stock Performance

Shares of YOU opened at $23.52 on Tuesday. The stock has a fifty day moving average price of $26.13 and a two-hundred day moving average price of $28.35. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 27.35 and a beta of 1.38.

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 the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. As a group, research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Clear Secure Company 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.