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

Key Points

• Investment House LLC acquired 52,435 CLEAR Secure shares worth approximately $2.2 million, while institutional investors and hedge funds collectively own 73.8% of the company.
• CLEAR Secure reported stronger-than-expected quarterly results, with EPS of $0.49 versus the $0.40 consensus estimate and revenue of $277.76 million, up 26.6% year over year.
• The company pays a quarterly dividend of $0.15, equivalent to $0.60 annually and a 1.3% yield. Analyst sentiment is mixed, with an average “Hold” rating and an average price target of $58.29.

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

Several other institutional investors also recently modified their holdings of YOU. GAMMA Investing LLC increased its stake in shares of CLEAR Secure by 4.3% in the 2nd quarter. GAMMA Investing LLC now owns 8,578 shares of the company's stock valued at $478,000 after acquiring an additional 351 shares during the last quarter. Arizona State Retirement System raised its position in shares of CLEAR Secure by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 23,206 shares of the company's stock valued at $1,293,000 after acquiring an additional 444 shares during the period. Pictet Asset Management Holding SA boosted its stake in CLEAR Secure by 3.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company's stock worth $617,000 after acquiring an additional 447 shares during the last quarter. Pacer Advisors Inc. boosted its stake in CLEAR Secure by 6.9% during the 1st quarter. Pacer Advisors Inc. now owns 7,564 shares of the company's stock worth $366,000 after acquiring an additional 489 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in CLEAR Secure by 92.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company's stock valued at $39,000 after purchasing an additional 532 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Stock Performance

NYSE YOU opened at $45.60 on Friday. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 31.02 and a beta of 1.01. The business has a 50 day simple moving average of $42.75 and a 200 day simple moving average of $50.36. CLEAR Secure, Inc. has a 52-week low of $30.23 and a 52-week high of $69.07.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company had revenue of $277.76 million during the quarter, compared to analysts' expectations of $269.71 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business's quarterly revenue was up 26.6% compared to the same quarter last year. On average, analysts predict that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

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

Insider Buying and Selling

In other CLEAR Secure news, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $200,070.53. Following the completion of the transaction, the executive vice president owned 29,519 shares in the company, valued at approximately $1,312,709.93. This represents a 13.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, President Michael Barkin sold 11,444 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total value of $514,980.00. Following the transaction, the president owned 11,550 shares of the company's stock, valued at approximately $519,750. This trade represents a 49.77% 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. In the last ninety days, insiders sold 18,047 shares of company stock valued at $808,615. Company insiders own 29.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on YOU shares. Weiss Ratings upgraded shares of CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a report on Monday, July 20th. Wall Street Zen cut shares of CLEAR Secure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Zacks Research downgraded CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price objective on shares of CLEAR Secure in a research note on Wednesday, October 7th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $58.29.

CLEAR Secure Profile

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.

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