Abacus FCF Advisors LLC Makes New $6.75 Million Investment in CLEAR Secure, Inc. $YOU

Key Points

• Abacus FCF Advisors LLC purchased 192,491 shares of CLEAR Secure (NYSE:YOU) in Q4—about $6.75 million and representing a 0.14% stake, while institutional investors own roughly 73.8% of the company.
• Analysts have recently grown more positive, leaving CLEAR with an average rating of "Moderate Buy" and an average price target of $53.14, with notable targets including Goldman Sachs at $61 and Telsey at $55.
• CLEAR matched Q earnings estimates (EPS $0.31) with revenue of $240.8M (+16.7% Y/Y), paid a special $0.20 dividend, and insiders sold about 97,488 shares in the last quarter (insiders own ~39.7%).

Abacus FCF Advisors LLC purchased a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 192,491 shares of the company's stock, valued at approximately $6,753,000. Abacus FCF Advisors LLC owned 0.14% of CLEAR Secure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vest Financial LLC lifted its stake in shares of CLEAR Secure by 17.7% in the third quarter. Vest Financial LLC now owns 196,667 shares of the company's stock worth $6,565,000 after acquiring an additional 29,527 shares during the period. First Trust Advisors LP increased its position in CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company's stock valued at $102,245,000 after purchasing an additional 35,304 shares during the period. Black Swift Group LLC bought a new position in CLEAR Secure during the 3rd quarter worth approximately $907,000. CWA Asset Management Group LLC raised its holdings in CLEAR Secure by 210.8% during the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company's stock worth $2,146,000 after purchasing an additional 41,485 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of CLEAR Secure in the 3rd quarter worth approximately $1,152,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group upped their price objective on shares of CLEAR Secure from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Zacks Research raised CLEAR Secure from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 20th. Weiss Ratings lowered CLEAR Secure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, February 3rd. Stifel Nicolaus raised their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the stock a "hold" rating in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group set a $61.00 target price on shares of CLEAR Secure and gave the stock a "buy" rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $53.14.

CLEAR Secure Trading Up 1.9%

Shares of CLEAR Secure stock opened at $54.80 on Friday. The stock has a fifty day simple moving average of $47.50 and a 200 day simple moving average of $38.88. CLEAR Secure, Inc. has a 12-month low of $23.76 and a 12-month high of $59.51. The company has a market capitalization of $7.31 billion, a P/E ratio of 48.93 and a beta of 1.10.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $240.75 million for the quarter, compared to analysts' expectations of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The business's revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. On average, analysts predict that CLEAR Secure, Inc. will post 1.61 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 10th. This represents a yield of 131.0%. CLEAR Secure's dividend payout ratio (DPR) is 53.57%.

Insider Activity

In other news, President Michael Z. Barkin sold 22,885 shares of the business's stock in a transaction that occurred on Sunday, March 1st. The stock was sold at an average price of $48.22, for a total value of $1,103,514.70. Following the transaction, the president owned 5,669 shares in the company, valued at $273,359.18. The trade was a 80.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lynn Haaland sold 15,533 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $45.00, for a total value of $698,985.00. The SEC filing for this sale provides additional information. Insiders sold 97,488 shares of company stock worth $4,579,078 in the last quarter. 39.73% of the stock is owned by corporate insiders.

CLEAR Secure Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.

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