SG Americas Securities LLC Makes New Investment in CLEAR Secure, Inc. (NYSE:YOU)

SG Americas Securities LLC purchased a new position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 44,925 shares of the company's stock, valued at approximately $1,164,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC purchased a new stake in CLEAR Secure in the 1st quarter valued at approximately $891,000. GAMMA Investing LLC lifted its holdings in CLEAR Secure by 546.5% in the 1st quarter. GAMMA Investing LLC now owns 7,234 shares of the company's stock valued at $187,000 after purchasing an additional 6,115 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of CLEAR Secure during the 1st quarter worth about $684,000. Pallas Capital Advisors LLC grew its holdings in shares of CLEAR Secure by 70.8% during the first quarter. Pallas Capital Advisors LLC now owns 13,043 shares of the company's stock worth $338,000 after buying an additional 5,408 shares in the last quarter. Finally, Vest Financial LLC acquired a new position in shares of CLEAR Secure in the first quarter valued at approximately $2,554,000. Institutional investors and hedge funds own 73.80% of the company's stock.

CLEAR Secure Stock Performance

Shares of YOU stock traded up $0.10 during trading hours on Wednesday, hitting $24.64. 1,588,690 shares of the company were exchanged, compared to its average volume of 2,039,688. The business's 50-day simple moving average is $25.34 and its two-hundred day simple moving average is $25.36. CLEAR Secure, Inc. has a one year low of $18.23 and a one year high of $38.88. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.40 and a beta of 1.22.

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

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's payout ratio is currently 31.25%.

Insiders Place Their Bets

In other CLEAR Secure news, Director Kenneth L. Cornick sold 315,591 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the completion of the sale, the director now directly owns 64,935 shares of the company's stock, valued at approximately $1,624,673.70. This represents a 82.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 957,964 shares of company stock worth $24,155,799. 39.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on YOU shares. Telsey Advisory Group restated an "outperform" rating and set a $32.00 price objective on shares of CLEAR Secure in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of CLEAR Secure in a research report on Monday, March 24th. Finally, Stifel Nicolaus lowered their price objective on shares of CLEAR Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.00.

CLEAR Secure 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.