Arizona State Retirement System Purchases 1,578 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Arizona State Retirement System increased its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,673 shares of the company’s stock after acquiring an additional 1,578 shares during the quarter. Arizona State Retirement System’s holdings in CLEAR Secure were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. boosted its stake in shares of CLEAR Secure by 23.9% in the 1st quarter. Alps Advisors Inc. now owns 13,627 shares of the company’s stock valued at $353,000 after purchasing an additional 2,627 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of CLEAR Secure by 134.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,907 shares of the company’s stock valued at $412,000 after purchasing an additional 9,117 shares in the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of CLEAR Secure in the 1st quarter valued at $260,000. Envestnet Asset Management Inc. boosted its stake in shares of CLEAR Secure by 55.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 289,756 shares of the company’s stock valued at $7,508,000 after purchasing an additional 103,436 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of CLEAR Secure in the 1st quarter valued at $311,000. Institutional investors own 73.80% of the company’s stock.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the sale, the director directly owned 207,634 shares of the company’s stock, valued at $6,229,020. The trade was a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth L. Cornick sold 315,591 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the transaction, the director owned 64,935 shares in the company, valued at approximately $1,624,673.70. This trade represents a 82.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 965,964 shares of company stock valued at $24,388,299 in the last 90 days. 39.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $32.00 target price on shares of CLEAR Secure in a research note on Friday, May 9th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of CLEAR Secure in a report on Monday, March 24th. Finally, Wall Street Zen downgraded shares of CLEAR Secure from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

CLEAR Secure Price Performance

NYSE:YOU opened at $29.54 on Tuesday. The business has a 50 day moving average of $26.39 and a 200 day moving average of $25.54. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.46 and a beta of 1.25. CLEAR Secure, Inc. has a 1-year low of $18.23 and a 1-year high of $38.88.

CLEAR Secure (NYSE:YOU) last released its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to analysts’ expectations of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, sell-side analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure’s dividend payout ratio is currently 31.25%.

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.