Federated Hermes Inc. Sells 204,574 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Key Points

• Federated Hermes Inc. has reduced its holdings in CLEAR Secure by 26.6%, now owning approximately 0.41% of the company valued at $14.6 million.
• Several hedge funds have altered their positions, with Fifth Third Bancorp increasing its stake by 217.0% in the 1st quarter, while Harbor Investment Advisory acquired a new position worth about $27,000.
• CLEAR Secure's last earnings report showed a missed EPS of $0.26 compared to estimates of $0.30, despite a revenue increase of 18.1% year-over-year.

Federated Hermes Inc. decreased its stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 26.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 564,028 shares of the company's stock after selling 204,574 shares during the quarter. Federated Hermes Inc. owned about 0.41% of CLEAR Secure worth $14,614,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in YOU. Robeco Institutional Asset Management B.V. raised its stake in shares of CLEAR Secure by 0.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 62,763 shares of the company's stock worth $1,626,000 after purchasing an additional 481 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of CLEAR Secure by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock worth $499,000 after purchasing an additional 612 shares during the last quarter. First Horizon Advisors Inc. raised 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 purchasing an additional 617 shares during the last quarter. Fifth Third Bancorp raised 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 purchasing an additional 764 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in shares of CLEAR Secure in the first quarter worth $27,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

YOU has been the subject of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $32.00 price target on shares of CLEAR Secure in a research note on Wednesday, July 30th. Stifel Nicolaus increased their price target on CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen lowered CLEAR Secure from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, CLEAR Secure has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Insider Transactions at CLEAR Secure

In other news, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the sale, the director owned 207,634 shares in the company, valued at $6,229,020. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth L. Cornick sold 228,374 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the completion of the transaction, the director directly owned 149,093 shares in the company, valued at $3,807,835.22. This trade represents a 60.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 965,964 shares of company stock worth $24,388,299. Insiders own 39.73% of the company's stock.

CLEAR Secure Trading Up 4.6%

CLEAR Secure stock traded up $1.32 during trading on Monday, reaching $30.16. The company had a trading volume of 2,977,840 shares, compared to its average volume of 1,422,951. The firm's 50-day simple moving average is $27.37 and its 200 day simple moving average is $25.76. CLEAR Secure, Inc. has a 52 week low of $18.23 and a 52 week high of $38.88. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 17.07 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 (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The company had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. During the same period in the prior year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts predict 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 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 of this dividend was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. CLEAR Secure's dividend payout ratio (DPR) is currently 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.