Abacus FCF Advisors LLC Purchases New Stake in CLEAR Secure, Inc. $YOU

Key Points

• Abacus FCF Advisors bought 54,416 shares of CLEAR Secure, valued at approximately $3.0 million. Institutional investors collectively own 73.8% of the company, with several funds significantly increasing their positions.
• Analyst sentiment remains mixed: five analysts rate the stock a Buy, three rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $58.57 versus a recent price of $44.26.
• CLEAR Secure exceeded quarterly expectations, reporting adjusted EPS of $0.49 and revenue of $277.76 million, up 26.6% year over year. The company also declared a quarterly dividend of $0.15 per share, equivalent to a 1.4% annualized yield.

Abacus FCF Advisors LLC purchased a new position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 54,416 shares of the company's stock, valued at approximately $3,033,000.

Other hedge funds have also recently modified their holdings of the company. Durable Capital Partners LP lifted its stake in CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company's stock worth $207,932,000 after acquiring an additional 4,531,161 shares during the period. Wedge Capital Management L L P NC bought a new position in CLEAR Secure in the 2nd quarter worth $82,542,000. Jacobs Levy Equity Management Inc. lifted its position in shares of CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company's stock worth $48,859,000 after purchasing an additional 1,439,873 shares during the period. Squarepoint Ops LLC raised its stake in CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company's stock worth $25,790,000 after buying an additional 909,152 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in CLEAR Secure in the second quarter worth about $47,722,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on YOU. Needham & Company LLC raised their target price on CLEAR Secure from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of CLEAR Secure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a research report on Monday, July 20th. Zacks Research cut CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, DA Davidson cut their price target on CLEAR Secure from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CLEAR Secure has a consensus rating of "Hold" and an average target price of $58.57.

Insiders Place Their Bets

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total value of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares in the company, valued at $1,658,967.80. This represents a 21.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the transaction, the president directly owned 22,994 shares in the company, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.70% of the stock is currently owned by corporate insiders.

CLEAR Secure Trading Down 0.8%

CLEAR Secure stock opened at $44.26 on Thursday. CLEAR Secure, Inc. has a 12 month low of $29.43 and a 12 month high of $69.07. The stock has a fifty day simple moving average of $52.79 and a two-hundred day simple moving average of $50.30. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 30.11 and a beta of 1.06.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. The firm had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company's quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, equities research analysts forecast that CLEAR Secure, Inc. will post 1.71 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. CLEAR Secure's payout ratio is presently 40.82%.

CLEAR Secure Company 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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