New York State Teachers Retirement System boosted its holdings in CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 16.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,165 shares of the company’s stock after acquiring an additional 10,937 shares during the quarter. New York State Teachers Retirement System owned 0.06% of CLEAR Secure worth $2,198,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Durable Capital Partners LP purchased a new position in shares of CLEAR Secure during the first quarter worth about $76,673,000. Nuveen LLC bought a new stake in CLEAR Secure during the first quarter valued at approximately $30,862,000. Copeland Capital Management LLC grew its stake in CLEAR Secure by 71.4% in the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company’s stock worth $51,210,000 after buying an additional 823,166 shares in the last quarter. Castellan Group bought a new position in shares of CLEAR Secure in the 1st quarter worth $12,342,000. Finally, Goldman Sachs Group Inc. raised its position in shares of CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after buying an additional 430,035 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on YOU. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Telsey Advisory Group upped their price objective on CLEAR Secure from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Wells Fargo & Company increased their price objective on CLEAR Secure from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CLEAR Secure in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CLEAR Secure presently has a consensus rating of “Hold” and a consensus price target of $34.71.
Insiders Place Their Bets
In other CLEAR Secure news, Director Adam Wiener sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total value of $264,160.00. Following the transaction, the director owned 193,634 shares in the company, valued at approximately $6,393,794.68. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dennis W. Liu sold 2,027 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $36.00, for a total transaction of $72,972.00. Following the transaction, the chief accounting officer directly owned 11,896 shares of the company’s stock, valued at approximately $428,256. This trade represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,027 shares of company stock valued at $2,074,903 in the last quarter. Insiders own 39.73% of the company’s stock.
CLEAR Secure Price Performance
Shares of YOU stock opened at $32.16 on Wednesday. The stock has a market capitalization of $4.27 billion, a PE ratio of 20.10 and a beta of 1.24. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $39.00. The business has a 50-day moving average of $34.52 and a 200 day moving average of $29.56.
CLEAR Secure (NYSE:YOU – Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.The business had revenue of $219.47 million for the quarter, compared to analysts’ expectations of $214.90 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. CLEAR Secure has set its Q3 2025 guidance at EPS. Analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current year.
CLEAR Secure Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.50 annualized dividend and a yield of 1.6%. CLEAR Secure’s dividend payout ratio is presently 31.25%.
CLEAR Secure Company Profile
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.
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