CLEAR Secure, Inc. (NYSE:YOU) Short Interest Up 304,820.6% in July

CLEAR Secure, Inc. (NYSE:YOU) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 19,210,000 shares, anincreaseof304,820.6% from the June 30th total of 6,300 shares. Approximately22.7% of the company’s shares are sold short. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is currently 11.0 days. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is currently 11.0 days. Approximately22.7% of the company’s shares are sold short.

Insiders Place Their Bets

In other 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 value of $150,000.00. Following the completion of the sale, the director owned 207,634 shares of the company’s stock, valued at $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth L. Cornick sold 228,374 shares of CLEAR Secure stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total value of $5,832,671.96. Following the completion of the sale, the director directly owned 149,093 shares of the company’s stock, valued at approximately $3,807,835.22. This represents a 60.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 965,964 shares of company stock valued at $24,388,299. Company insiders own 39.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in CLEAR Secure by 6.3% in the first quarter. New York State Common Retirement Fund now owns 28,913 shares of the company’s stock valued at $749,000 after purchasing an additional 1,712 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in CLEAR Secure by 54.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company’s stock valued at $713,000 after purchasing an additional 9,768 shares during the last quarter. Personal CFO Solutions LLC purchased a new position in CLEAR Secure in the first quarter valued at about $260,000. Principal Financial Group Inc. boosted its holdings in CLEAR Secure by 2.3% in the first quarter. Principal Financial Group Inc. now owns 519,264 shares of the company’s stock valued at $13,454,000 after purchasing an additional 11,633 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in CLEAR Secure by 132.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,681 shares of the company’s stock valued at $614,000 after purchasing an additional 13,499 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and set a $32.00 price target on shares of CLEAR Secure in a research report on Wednesday. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Finally, Stifel Nicolaus boosted their price target on CLEAR Secure from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CLEAR Secure has an average rating of “Moderate Buy” and a consensus target price of $32.40.

CLEAR Secure Price Performance

Shares of NYSE YOU opened at $28.86 on Friday. CLEAR Secure has a 1-year low of $18.23 and a 1-year high of $38.88. The business has a 50-day moving average of $27.37 and a 200-day moving average of $25.76. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.04 and a beta of 1.25.

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

CLEAR Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.7%. CLEAR Secure’s payout ratio is 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.