Investment House LLC Buys 52,435 Shares of CLEAR Secure, Inc. $YOU

Investment House LLC bought a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 52,435 shares of the company’s stock, valued at approximately $2,200,000.

Several other hedge funds have also bought and sold shares of YOU. Reyes Financial Architecture Inc. acquired a new stake in shares of CLEAR Secure in the third quarter valued at approximately $55,000. Vest Financial LLC raised its stake in CLEAR Secure by 3.2% in the 3rd quarter. Vest Financial LLC now owns 183,355 shares of the company’s stock valued at $7,692,000 after acquiring an additional 5,691 shares during the period. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in CLEAR Secure during the 3rd quarter valued at $1,678,000. Nisa Investment Advisors LLC lifted its holdings in CLEAR Secure by 21.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,125 shares of the company’s stock valued at $425,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in CLEAR Secure by 4.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,761,051 shares of the company’s stock valued at $73,876,000 after purchasing an additional 78,553 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Stock Performance

Shares of YOU opened at $45.60 on Friday. CLEAR Secure, Inc. has a 52 week low of $30.23 and a 52 week high of $69.07. The stock has a fifty day moving average of $42.75 and a 200-day moving average of $50.36. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 31.02 and a beta of 1.01.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $277.76 million for the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. The business’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. As a group, equities analysts forecast that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. CLEAR Secure’s payout ratio is 40.82%.

Insiders Place Their Bets

In related news, President Michael Z. Barkin sold 11,444 shares of CLEAR Secure stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the transaction, the president owned 11,550 shares of the company’s stock, valued at $519,750. The trade was a 49.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president directly owned 29,519 shares of the company’s stock, valued at $1,312,709.93. The trade was a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 18,047 shares of company stock valued at $808,615. Corporate insiders own 29.70% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the topic of a number of research reports. JPMorgan Chase & Co. started coverage on CLEAR Secure in a report on Monday, August 24th. They issued an “overweight” rating and a $55.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of CLEAR Secure in a research note on Wednesday, October 7th. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. DA Davidson reduced their price objective on shares of CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Finally, The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CLEAR Secure has an average rating of “Hold” and an average target price of $58.29.

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.