Hodges Capital Management Inc. Purchases 134,408 Shares of Clear Secure, Inc. (NYSE:YOU)

Hodges Capital Management Inc. grew its position in shares of Clear Secure, Inc. (NYSE:YOU) by 39.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 477,855 shares of the company’s stock after buying an additional 134,408 shares during the quarter. Hodges Capital Management Inc.’s holdings in Clear Secure were worth $12,730,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of YOU. Truist Financial Corp raised its position in 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 purchasing an additional 582 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure during the third quarter valued at approximately $26,000. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 771 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Clear Secure in the third quarter worth $33,000. Finally, KBC Group NV boosted its holdings in Clear Secure by 50.1% in the fourth quarter. KBC Group NV now owns 4,063 shares of the company’s stock valued at $108,000 after acquiring an additional 1,357 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Clear Secure Trading Up 0.6 %

Clear Secure stock opened at $23.62 on Monday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The business’s fifty day simple moving average is $26.20 and its two-hundred day simple moving average is $28.33. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 27.46 and a beta of 1.38.

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

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.