Hodges Capital Management Inc. Boosts Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Hodges Capital Management Inc. increased its position in Clear Secure, Inc. (NYSE:YOU) by 39.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 477,855 shares of the company’s stock after acquiring an additional 134,408 shares during the quarter. Hodges Capital Management Inc. owned about 0.34% of Clear Secure worth $12,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Truist Financial Corp lifted its stake in shares of Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock valued at $544,000 after buying an additional 582 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Clear Secure in the third quarter worth $26,000. GAMMA Investing LLC boosted its stake in Clear Secure by 221.6% during the fourth 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 period. Future Financial Wealth Managment LLC purchased a new position in Clear Secure during the third quarter worth about $33,000. Finally, KBC Group NV increased its stake in Clear Secure by 50.1% in the 4th quarter. KBC Group NV now owns 4,063 shares of the company’s stock worth $108,000 after acquiring an additional 1,357 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Performance

YOU stock opened at $23.62 on Monday. The firm has a market cap of $3.29 billion, a P/E ratio of 27.46 and a beta of 1.38. The firm’s fifty day moving average is $26.20 and its 200 day moving average is $28.33. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same period last year, the business posted $0.20 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on YOU shares. Wedbush restated a “neutral” rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group upped 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. Stifel Nicolaus raised 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, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.