Avantax Advisory Services Inc. Has $392,000 Holdings in CLEAR Secure, Inc. (NYSE:YOU)

Avantax Advisory Services Inc. lifted its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 39.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,129 shares of the company’s stock after buying an additional 4,317 shares during the quarter. Avantax Advisory Services Inc.’s holdings in CLEAR Secure were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of YOU. New York State Common Retirement Fund boosted its stake 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 acquiring an additional 1,712 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of CLEAR Secure by 54.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company’s stock worth $713,000 after purchasing an additional 9,768 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of CLEAR Secure during the first quarter worth $260,000. Principal Financial Group Inc. increased 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 lifted its stake 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 buying an additional 13,499 shares during the period. 73.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

YOU has been the topic of a number of recent analyst reports. Telsey Advisory Group raised their target price on CLEAR Secure from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday. Wall Street Zen downgraded shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Stifel Nicolaus lifted their price target on shares of CLEAR Secure from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group boosted their price target on shares of CLEAR Secure from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, CLEAR Secure currently has a consensus rating of “Hold” and an average target price of $33.00.

CLEAR Secure Stock Up 2.0%

CLEAR Secure stock opened at $32.47 on Thursday. The company has a 50 day moving average of $27.80 and a 200-day moving average of $25.87. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $38.88. The stock has a market capitalization of $4.32 billion, a PE ratio of 20.29 and a beta of 1.25.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $219.47 million during the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Equities analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 31.25%.

Insider Buying and Selling

In other news, Director Kenneth L. Cornick sold 228,374 shares of the business’s 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 sale, the director owned 149,093 shares of the company’s stock, valued at $3,807,835.22. The trade was a 60.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Adam Wiener sold 5,000 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 965,964 shares of company stock worth $24,388,299. 39.73% of the stock is owned by insiders.

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.