Envestnet Asset Management Inc. Acquires 103,436 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Envestnet Asset Management Inc. increased its position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 55.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,756 shares of the company's stock after buying an additional 103,436 shares during the period. Envestnet Asset Management Inc. owned 0.21% of CLEAR Secure worth $7,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in YOU. Harbor Investment Advisory LLC acquired a new position in CLEAR Secure during the first quarter valued at approximately $27,000. Fifth Third Bancorp grew its stake in shares of CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after acquiring an additional 764 shares during the last quarter. Huntington National Bank acquired a new stake in shares of CLEAR Secure in the fourth quarter worth $35,000. First Horizon Advisors Inc. grew its stake in shares of CLEAR Secure by 72.0% in the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock worth $38,000 after acquiring an additional 617 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of CLEAR Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after acquiring an additional 2,276 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Analysts Set New Price Targets

YOU has been the topic of several research analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $32.00 price objective on shares of CLEAR Secure in a research note on Friday, May 9th. Wall Street Zen downgraded shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.00.

Insiders Place Their Bets

In other CLEAR Secure news, Director Kenneth L. Cornick sold 315,591 shares of CLEAR Secure stock in a transaction 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 completion of the transaction, the director directly owned 64,935 shares of the company's stock, valued at approximately $1,624,673.70. This trade represents a 82.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the director directly owned 207,634 shares of the company's stock, valued at approximately $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 965,964 shares of company stock valued at $24,388,299. Company insiders own 39.73% of the company's stock.

CLEAR Secure Trading Down 0.3%

YOU stock traded down $0.10 during midday trading on Friday, hitting $29.86. The stock had a trading volume of 441,840 shares, compared to its average volume of 1,966,991. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.68 and a beta of 1.25. CLEAR Secure, Inc. has a 52 week low of $18.23 and a 52 week high of $38.88. The stock has a 50-day simple moving average of $26.80 and a 200 day simple moving average of $25.64.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. On average, equities analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.67%. CLEAR Secure's payout ratio is presently 31.25%.

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.