Foster & Motley Inc. Makes New Investment in CLEAR Secure, Inc. $YOU

Foster & Motley Inc. purchased a new position in CLEAR Secure, Inc. (NYSE:YOU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,952 shares of the company’s stock, valued at approximately $1,446,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. raised its stake in CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after purchasing an additional 323 shares in the last quarter. GAMMA Investing LLC grew its stake in CLEAR Secure by 4.3% in the 2nd quarter. GAMMA Investing LLC now owns 8,578 shares of the company’s stock worth $478,000 after buying an additional 351 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in CLEAR Secure by 3.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock worth $617,000 after buying an additional 447 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of CLEAR Secure by 6.9% in the 1st quarter. Pacer Advisors Inc. now owns 7,564 shares of the company’s stock worth $366,000 after buying an additional 489 shares during the last quarter. Finally, Aspen Investment Management Inc increased its holdings in shares of CLEAR Secure by 5.2% in the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock worth $493,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

YOU has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. DA Davidson reduced their target price on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings upgraded shares of CLEAR Secure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Finally, Needham & Company LLC boosted their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $58.57.

Insider Buying and Selling at CLEAR Secure

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the sale, the executive vice president owned 29,519 shares in the company, valued at $1,658,967.80. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.70% of the company’s stock.

CLEAR Secure Stock Performance

Shares of NYSE:YOU opened at $44.26 on Thursday. The firm has a market capitalization of $5.99 billion, a P/E ratio of 30.11 and a beta of 1.06. The stock has a 50 day moving average price of $52.79 and a 200-day moving average price of $50.30. CLEAR Secure, Inc. has a 52-week low of $29.43 and a 52-week high of $69.07.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. CLEAR Secure’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. On average, equities analysts forecast that CLEAR Secure, Inc. will post 1.71 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. CLEAR Secure’s payout ratio is presently 40.82%.

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.