SG Americas Securities LLC Buys Shares of 44,925 CLEAR Secure, Inc. (NYSE:YOU)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of YOU. Harbor Investment Advisory LLC acquired a new position in CLEAR Secure during the 1st quarter worth $27,000. Huntington National Bank acquired a new position in CLEAR Secure during the 4th quarter worth $35,000. SRS Capital Advisors Inc. grew its stake in CLEAR Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in CLEAR Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in CLEAR Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

CLEAR Secure Stock Performance

NYSE YOU traded up $0.59 during trading on Friday, reaching $25.21. 3,089,270 shares of the company's stock were exchanged, compared to its average volume of 2,034,499. The stock has a market cap of $3.35 billion, a P/E ratio of 15.76 and a beta of 1.22. The company has a 50 day moving average price of $25.25 and a two-hundred day moving average price of $25.33. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88.

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

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were paid 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 1.98%. CLEAR Secure's dividend payout ratio is presently 31.25%.

Insider Buying and Selling

In related news, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the transaction, the director now owns 149,093 shares in the company, valued at $3,807,835.22. This trade represents a 60.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 957,964 shares of company stock worth $24,155,799 in the last quarter. 39.73% of the stock is owned by insiders.

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.