First Trust Advisors LP Raises Stock Position in CLEAR Secure, Inc. $YOU

First Trust Advisors LP raised its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,063,062 shares of the company’s stock after purchasing an additional 35,304 shares during the period. First Trust Advisors LP owned 2.30% of CLEAR Secure worth $102,245,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of YOU. Durable Capital Partners LP raised its position in shares of CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after buying an additional 909,152 shares during the last quarter. Empowered Funds LLC acquired a new stake in CLEAR Secure in the 2nd quarter worth about $17,363,000. Jupiter Asset Management Ltd. purchased a new stake in CLEAR Secure during the 2nd quarter worth approximately $15,090,000. Finally, Goldman Sachs Group Inc. increased its stake in CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after buying an additional 430,035 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on YOU shares. JPMorgan Chase & Co. raised their target price on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. The Goldman Sachs Group set a $61.00 price objective on CLEAR Secure and gave the company a “buy” rating in a research note on Wednesday, February 25th. Stifel Nicolaus raised their price objective on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, February 26th. Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.57.

CLEAR Secure Trading Down 2.3%

Shares of YOU opened at $46.31 on Monday. The company’s 50-day moving average price is $36.20 and its 200 day moving average price is $35.30. CLEAR Secure, Inc. has a 12-month low of $23.00 and a 12-month high of $50.46. The firm has a market cap of $6.17 billion, a P/E ratio of 41.35 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. CLEAR Secure’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. Equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.20 dividend. This represents a yield of 129.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio (DPR) is 53.57%.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, insider Lynn Haaland sold 11,064 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total value of $524,876.16. Following the sale, the insider owned 7,375 shares of the company’s stock, valued at $349,870. The trade was a 60.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Dennis W. Liu sold 7,950 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total value of $386,131.50. Following the transaction, the chief accounting officer owned 10,960 shares in the company, valued at $532,327.20. This trade represents a 42.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 135,020 shares of company stock worth $6,025,890 over the last quarter. Company insiders own 39.73% of the company’s stock.

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.