Accurate Wealth Management LLC Invests $891,000 in Clear Secure, Inc. (NYSE:YOU)

Accurate Wealth Management LLC acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,959 shares of the company's stock, valued at approximately $891,000.

Several other large investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in shares of Clear Secure by 112.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after purchasing an additional 1,463,748 shares during the period. Wellington Management Group LLP increased its stake in Clear Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after purchasing an additional 1,422,999 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Clear Secure during the 4th quarter worth approximately $37,697,000. Ribbit Management Company LLC acquired a new stake in Clear Secure during the 4th quarter worth approximately $14,598,000. Finally, Renaissance Technologies LLC lifted its stake in Clear Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after buying an additional 501,000 shares in the last quarter. Institutional investors own 73.80% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Clear Secure

In other news, Director Kenneth L. Cornick sold 315,591 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the sale, the director now owns 64,935 shares in the company, valued at $1,624,673.70. This represents a 82.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders sold 957,964 shares of company stock valued at $24,155,799. Insiders own 39.73% of the company's stock.

Clear Secure Price Performance

Shares of YOU traded down $0.43 during mid-day trading on Wednesday, hitting $25.53. 989,297 shares of the company's stock were exchanged, compared to its average volume of 2,016,268. Clear Secure, Inc. has a 52 week low of $17.58 and a 52 week high of $38.88. The company has a market cap of $3.40 billion, a PE ratio of 29.68 and a beta of 1.22. The company has a 50-day simple moving average of $25.33 and a 200 day simple moving average of $25.42.

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

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.96%. Clear Secure's dividend payout ratio (DPR) is presently 31.25%.

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.