Accurate Wealth Management LLC Purchases Shares of 32,959 Clear Secure, Inc. (NYSE:YOU)

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

A number of other institutional investors and hedge funds have also made changes to their positions in YOU. Vanguard Group Inc. boosted its position in shares of Clear Secure by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock valued at $333,718,000 after buying an additional 473,207 shares during the period. Renaissance Technologies LLC boosted its position in shares of Clear Secure by 15.7% during 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 during the period. Wellington Management Group LLP boosted its position in shares of Clear Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after buying an additional 1,422,999 shares during the period. Arrowstreet Capital Limited Partnership raised its stake 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 valued at $73,707,000 after acquiring an additional 1,463,748 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Clear Secure by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company's stock valued at $64,832,000 after acquiring an additional 86,311 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

YOU has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price target on shares of Clear Secure in a research note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Finally, Stifel Nicolaus reduced 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 note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Clear Secure Stock Performance

NYSE:YOU traded down $1.04 during trading hours on Friday, reaching $24.35. The company's stock had a trading volume of 1,186,487 shares, compared to its average volume of 2,023,237. The stock has a 50 day moving average price of $25.36 and a two-hundred day moving average price of $25.38. The company has a market capitalization of $3.24 billion, a P/E ratio of 28.31 and a beta of 1.22. Clear Secure, Inc. has a 12 month low of $17.77 and a 12 month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The business had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, analysts predict 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. Stockholders 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 dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's payout ratio is presently 31.25%.

Insider Transactions at Clear Secure

In other news, Director Kenneth L. Cornick sold 315,591 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the sale, the director now directly owns 64,935 shares of the company's stock, valued at $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 957,964 shares of company stock valued at $24,155,799. Corporate insiders own 39.73% of the company's stock.

Clear Secure Profile

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.