Arkadios Wealth Advisors Buys 26,052 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Key Points

• Arkadios Wealth Advisors increased its stake in CLEAR Secure, Inc. by 189.6% in Q1, holding 39,794 shares valued at approximately $1,031,000.
• Institutional investors collectively own 73.80% of CLEAR Secure's stock, with several firms significantly altering their holdings in recent quarters.
• CLEAR Secure reported earnings per share of $0.26 for the last quarter, which was below the consensus estimate of $0.30, despite a year-over-year revenue increase of 18.1%.

Arkadios Wealth Advisors grew its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 189.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,794 shares of the company's stock after purchasing an additional 26,052 shares during the period. Arkadios Wealth Advisors' holdings in CLEAR Secure were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. New York State Common Retirement Fund raised its holdings in shares of CLEAR Secure by 6.3% in the 1st quarter. New York State Common Retirement Fund now owns 28,913 shares of the company's stock valued at $749,000 after acquiring an additional 1,712 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of CLEAR Secure by 54.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company's stock worth $713,000 after buying an additional 9,768 shares during the last quarter. Personal CFO Solutions LLC bought a new position in shares of CLEAR Secure in the 1st quarter worth $260,000. Principal Financial Group Inc. lifted its holdings in shares of CLEAR Secure by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 519,264 shares of the company's stock worth $13,454,000 after acquiring an additional 11,633 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in CLEAR Secure by 132.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,681 shares of the company's stock worth $614,000 after acquiring an additional 13,499 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Price Performance

CLEAR Secure stock traded up $0.63 during trading hours on Wednesday, reaching $32.47. The company had a trading volume of 1,919,278 shares, compared to its average volume of 1,974,411. CLEAR Secure, Inc. has a 12-month low of $21.67 and a 12-month high of $38.88. The company has a 50-day moving average price of $27.64 and a 200 day moving average price of $25.83. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 20.29 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $219.47 million for the quarter, compared to the consensus estimate of $214.90 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. CLEAR Secure's dividend payout ratio is presently 31.25%.

Insider Buying and Selling

In other news, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the sale, the director directly owned 207,634 shares in the company, valued at approximately $6,229,020. This trade represents a 2.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth L. Cornick sold 315,591 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total value of $7,896,086.82. Following the transaction, the director directly owned 64,935 shares in the company, valued at $1,624,673.70. This trade represents a 82.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 965,964 shares of company stock valued at $24,388,299 in the last ninety days. 39.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on YOU. Wells Fargo & Company raised their price target on CLEAR Secure from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Wednesday. Stifel Nicolaus increased their price objective on CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. Telsey Advisory Group boosted their target price on CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wall Street Zen cut shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, The Goldman Sachs Group lifted their price target on shares of CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $33.00.

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.