Victory Capital Management Inc. Grows Holdings in CLEAR Secure, Inc. (NYSE:YOU)

Victory Capital Management Inc. lifted its stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 3.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 766,503 shares of the company's stock after purchasing an additional 28,110 shares during the period. Victory Capital Management Inc. owned 0.56% of CLEAR Secure worth $19,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harbor Investment Advisory LLC acquired a new position in CLEAR Secure in the 1st quarter valued at about $27,000. Fifth Third Bancorp increased its position in shares of CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after buying an additional 764 shares during the period. Huntington National Bank acquired a new stake in shares of CLEAR Secure during the fourth quarter worth $35,000. First Horizon Advisors Inc. boosted its stake in CLEAR Secure by 72.0% during 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 in the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its holdings in shares of CLEAR Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after buying an additional 2,276 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

CLEAR Secure Stock Performance

NYSE YOU traded down $0.14 during trading hours on Friday, reaching $29.82. The stock had a trading volume of 478,373 shares, compared to its average volume of 1,967,277. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88. The stock has a fifty day moving average of $26.80 and a 200 day moving average of $25.64. The stock has a market cap of $3.97 billion, a P/E ratio of 18.66 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly 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 return on equity of 115.09% and a net margin of 21.96%. The business had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio is currently 31.25%.

Analyst Ratings Changes

Several analysts have commented on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 price objective on shares of CLEAR Secure in a research report on Friday, May 9th. Wall Street Zen cut shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, CLEAR Secure currently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Insider Buying and Selling

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

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.