Seven Eight Capital LP acquired a new stake in Clear Secure, Inc. (NYSE:YOU – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 35,029 shares of the company’s stock, valued at approximately $917,000.
A number of other hedge funds have also recently bought and sold shares of YOU. Durable Capital Partners LP boosted its position in Clear Secure by 25.5% in the 1st quarter. Durable Capital Partners LP now owns 10,751,370 shares of the company’s stock valued at $288,997,000 after buying an additional 2,184,428 shares during the last quarter. Vanguard Group Inc. boosted its position in Clear Secure by 143.5% in the 1st quarter. Vanguard Group Inc. now owns 3,258,957 shares of the company’s stock valued at $87,601,000 after buying an additional 1,920,329 shares during the last quarter. Brown Advisory Inc. bought a new position in Clear Secure in the 1st quarter valued at $47,304,000. State Street Corp boosted its position in shares of Clear Secure by 606.0% in the 2nd quarter. State Street Corp now owns 1,007,168 shares of the company’s stock worth $20,143,000 after purchasing an additional 864,515 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Clear Secure by 22.2% in the 3rd quarter. BlackRock Inc. now owns 4,544,085 shares of the company’s stock worth $103,875,000 after purchasing an additional 826,003 shares during the last quarter. 64.13% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on YOU. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research report on Thursday, August 3rd. Wedbush began coverage on Clear Secure in a research report on Monday, June 5th. They issued a “neutral” rating and a $27.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus began coverage on Clear Secure in a research report on Thursday, May 25th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.50.
Clear Secure Trading Up 0.8 %
YOU stock opened at $21.23 on Friday. The business’s 50-day moving average price is $22.88 and its two-hundred day moving average price is $24.47. The firm has a market cap of $3.22 billion, a PE ratio of -35.98 and a beta of 1.33. Clear Secure, Inc. has a 1-year low of $20.52 and a 1-year high of $35.00.
Clear Secure (NYSE:YOU – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.08. The firm had revenue of $149.87 million for the quarter, compared to analyst estimates of $140.04 million. Clear Secure had a negative return on equity of 11.99% and a negative net margin of 9.37%. On average, analysts forecast that Clear Secure, Inc. will post -0.03 earnings per share for the current year.
Clear Secure Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 11th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, August 10th. Clear Secure’s dividend payout ratio is -47.46%.
Insider Buying and Selling at Clear Secure
In other Clear Secure news, major shareholder Durable Capital Partners Lp sold 2,640,735 shares of Clear Secure stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $25.27, for a total value of $66,731,373.45. Following the sale, the insider now owns 8,809,211 shares of the company’s stock, valued at approximately $222,608,761.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.94% of the company’s stock.
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. 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 enhance the experience for existing members.
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