Farther Finance Advisors LLC Buys 12,526 Shares of CLEAR Secure, Inc. $YOU

Farther Finance Advisors LLC lifted its stake in CLEAR Secure, Inc. (NYSE:YOU) by 1,715.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,256 shares of the company’s stock after acquiring an additional 12,526 shares during the period. Farther Finance Advisors LLC’s holdings in CLEAR Secure were worth $465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position in CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of CLEAR Secure in the 1st quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in CLEAR Secure during the 3rd quarter worth approximately $50,000. Holos Integrated Wealth LLC purchased a new stake in CLEAR Secure during the 4th quarter worth approximately $53,000. Finally, Strs Ohio purchased a new stake in shares of CLEAR Secure in the third quarter valued at approximately $53,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Stock Performance

Shares of YOU stock opened at $54.80 on Monday. The stock’s 50-day moving average is $47.50 and its two-hundred day moving average is $38.94. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 48.93 and a beta of 1.10. CLEAR Secure, Inc. has a 1 year low of $23.76 and a 1 year high of $59.51.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The company had revenue of $240.75 million for the quarter, compared to analyst estimates of $235.66 million. During the same quarter last year, the company posted $0.91 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, research analysts predict that CLEAR Secure, Inc. will post 1.61 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently announced a special dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 10th. This represents a dividend yield of 131.0%. CLEAR Secure’s dividend payout ratio is 53.57%.

Wall Street Analysts Forecast Growth

YOU has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on CLEAR Secure from $29.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, February 26th. Needham & Company LLC increased their price objective on CLEAR Secure from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings cut CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. The Goldman Sachs Group set a $61.00 target price on CLEAR Secure and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, DA Davidson increased their target price on CLEAR Secure from $54.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CLEAR Secure has a consensus rating of “Moderate Buy” and an average target price of $53.14.

Insider Buying and Selling at CLEAR Secure

In other news, insider Lynn Haaland sold 11,064 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $47.44, for a total transaction of $524,876.16. Following the completion of the sale, the insider owned 7,375 shares in the company, valued at approximately $349,870. This represents a 60.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Z. Barkin sold 22,885 shares of the stock in a transaction dated Sunday, March 1st. The stock was sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the sale, the president owned 5,669 shares of the company’s stock, valued at $273,359.18. This trade represents a 80.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,488 shares of company stock worth $4,579,078 over the last three months. 39.73% of the stock is currently owned by corporate insiders.

About CLEAR Secure

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.