Foster & Motley Inc. Takes Position in CLEAR Secure, Inc. $YOU

Foster & Motley Inc. purchased a new position in CLEAR Secure, Inc. (NYSE:YOU) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,897 shares of the company’s stock, valued at approximately $898,000.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in CLEAR Secure by 59.7% in the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock worth $7,034,000 after acquiring an additional 101,476 shares during the period. Amundi increased its position in CLEAR Secure by 62.5% in the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the first quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of CLEAR Secure by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after buying an additional 2,801 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of CLEAR Secure by 64.7% during the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after acquiring an additional 1,801 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insider Activity

In other news, Director Adam Wiener sold 14,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the transaction, the director owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the transaction, the insider owned 15,533 shares in the company, valued at approximately $636,853. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 43,532 shares of company stock worth $1,663,052. Insiders own 39.73% of the company’s stock.

CLEAR Secure Trading Up 0.1%

CLEAR Secure stock opened at $36.47 on Friday. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $42.29. The firm has a market capitalization of $4.86 billion, a PE ratio of 22.23 and a beta of 1.22. The firm’s 50 day simple moving average is $35.61 and its 200 day simple moving average is $33.50.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $229.19 million during the quarter, compared to the consensus estimate of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, December 10th. CLEAR Secure’s payout ratio is presently 30.49%.

Analysts Set New Price Targets

YOU has been the topic of a number of research reports. Stifel Nicolaus set a $38.00 price objective on CLEAR Secure in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of CLEAR Secure in a research report on Monday, December 29th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, The Goldman Sachs Group increased their target price on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.86.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.