Vest Financial LLC Buys Shares of 98,555 Clear Secure, Inc. (NYSE:YOU)

Vest Financial LLC acquired 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 filing with the Securities and Exchange Commission. The firm acquired 98,555 shares of the company's stock, valued at approximately $2,554,000. Vest Financial LLC owned 0.07% of Clear Secure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Harbor Investment Advisory LLC acquired a new stake in Clear Secure during the first quarter worth about $27,000. Huntington National Bank acquired a new stake in Clear Secure in the fourth quarter valued at $35,000. SRS Capital Advisors Inc. raised its position in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after acquiring an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in shares of Clear Secure by 113,800.0% in 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 during the period. Finally, Harbour Investments Inc. grew its holdings 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 acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Analysts Set New Price Targets

YOU has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 price objective on shares of Clear Secure in a research report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Clear Secure Trading Down 1.6%

Shares of Clear Secure stock traded down $0.41 on Wednesday, reaching $25.55. The stock had a trading volume of 572,084 shares, compared to its average volume of 2,014,890. The business's 50 day moving average is $25.33 and its two-hundred day moving average is $25.42. The company has a market cap of $3.40 billion, a P/E ratio of 29.69 and a beta of 1.22. Clear Secure, Inc. has a 1 year low of $17.58 and a 1 year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. During the same period in the previous year, the firm posted $0.28 EPS. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, June 10th. Clear Secure's payout ratio is currently 31.25%.

Insider Buying and Selling

In other news, Director Kenneth L. Cornick sold 228,374 shares of the business'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 value of $5,832,671.96. Following the sale, the director now directly owns 149,093 shares of the company's stock, valued at $3,807,835.22. The trade was a 60.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 957,964 shares of company stock worth $24,155,799 in the last ninety days. 39.73% of the stock is owned by insiders.

About Clear Secure

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.