Personal CFO Solutions LLC Makes New Investment in CLEAR Secure, Inc. (NYSE:YOU)

Personal CFO Solutions LLC bought a new position in CLEAR Secure, Inc. (NYSE:YOU) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,030 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds have also added to or reduced their stakes in YOU. Charles Schwab Investment Management Inc. grew its stake in CLEAR Secure by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 918,367 shares of the company’s stock worth $24,465,000 after acquiring an additional 46,213 shares in the last quarter. Victory Capital Management Inc. grew its stake in CLEAR Secure by 65.0% in the 4th quarter. Victory Capital Management Inc. now owns 738,393 shares of the company’s stock worth $19,671,000 after acquiring an additional 290,749 shares in the last quarter. Raymond James Financial Inc. bought a new position in CLEAR Secure in the 4th quarter worth about $1,695,000. PNC Financial Services Group Inc. grew its stake in CLEAR Secure by 20.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,249 shares of the company’s stock worth $273,000 after acquiring an additional 1,711 shares in the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in CLEAR Secure in the 4th quarter worth about $288,000. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Stock Down 0.3%

NYSE:YOU opened at $28.51 on Thursday. CLEAR Secure, Inc. has a 52 week low of $18.23 and a 52 week high of $38.88. The firm has a 50 day moving average of $25.77 and a 200 day moving average of $25.44. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.82 and a beta of 1.25.

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

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.75%. CLEAR Secure’s payout ratio is 31.25%.

Insider Buying and Selling

In related news, Director Adam Wiener sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total transaction of $82,500.00. Following the completion of the sale, the director owned 212,634 shares of the company’s stock, valued at $5,847,435. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the sale, the director directly owned 149,093 shares of the company’s stock, valued at $3,807,835.22. The trade was a 60.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 960,964 shares of company stock valued at $24,238,299 in the last three months. 39.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of CLEAR Secure in a research report on Monday, March 24th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $32.00 price target on shares of CLEAR Secure in a research report on Friday, May 9th. Finally, Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

About CLEAR Secure

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.