Avory & Company LLC Buys New Position in CLEAR Secure, Inc. (NYSE:YOU)

Avory & Company LLC bought a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 245,713 shares of the company's stock, valued at approximately $6,366,000. CLEAR Secure makes up approximately 3.9% of Avory & Company LLC's portfolio, making the stock its 8th biggest holding. Avory & Company LLC owned approximately 0.18% of CLEAR Secure as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in shares of CLEAR Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after acquiring an additional 501,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in CLEAR Secure during the 4th quarter worth $1,695,000. William Blair Investment Management LLC acquired a new position in CLEAR Secure during the 4th quarter worth $37,697,000. Cerity Partners LLC increased its holdings in CLEAR Secure by 1,557.5% during the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after purchasing an additional 324,314 shares during the period. Finally, Victory Capital Management Inc. raised its position in CLEAR Secure by 65.0% in the 4th quarter. Victory Capital Management Inc. now owns 738,393 shares of the company's stock valued at $19,671,000 after purchasing an additional 290,749 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CLEAR Secure Stock Performance

NYSE:YOU opened at $27.28 on Friday. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The stock has a market cap of $3.63 billion, a P/E ratio of 17.05 and a beta of 1.22. The stock has a 50-day simple moving average of $25.24 and a 200-day simple moving average of $25.33.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, equities research analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.83%. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

Insider Activity at CLEAR Secure

In other news, Director Kenneth L. Cornick sold 291,466 shares of CLEAR Secure stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the sale, the director now owns 64,935 shares in the company, valued at approximately $1,626,621.75. The trade was a 81.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 957,964 shares of company stock valued at $24,155,799 over the last ninety days. Insiders own 39.73% of the company's stock.

CLEAR Secure Company 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.

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