Cookson Peirce & Co. Inc. Raises Stock Position in CLEAR Secure, Inc. $YOU

Key Points

• Cookson Peirce & Co. Inc. increased its position in CLEAR Secure by 36.2% in the fourth quarter, adding 34,308 shares for a total of 129,032 shares valued at about $4.53 million.
• CLEAR Secure reported strong quarterly results, with EPS of $0.38 beating estimates and revenue of $253 million, up 19.7% year over year. The company also announced a quarterly dividend of $0.15 per share.
• Several analysts remain positive on the stock, with the consensus rating at Moderate Buy and an average price target of $60. However, company insiders recently sold shares, including President Michael Z. Barkin and EVP Kyle McLaughlin.

Cookson Peirce & Co. Inc. boosted its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 36.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 129,032 shares of the company's stock after buying an additional 34,308 shares during the period. Cookson Peirce & Co. Inc. owned 0.10% of CLEAR Secure worth $4,526,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of YOU. Royal Bank of Canada increased its stake in CLEAR Secure by 59.7% in the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company's stock worth $7,034,000 after buying an additional 101,476 shares in the last quarter. Amundi increased its stake in CLEAR Secure by 62.5% in the 1st quarter. Amundi now owns 3,743 shares of the company's stock worth $97,000 after buying an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure in the 1st quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CLEAR Secure by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company's stock worth $1,367,000 after buying an additional 2,801 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in CLEAR Secure by 64.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company's stock worth $119,000 after buying an additional 1,801 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 11,550 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the completion of the sale, the president owned 22,994 shares of the company's stock, valued at $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total value of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares of the company's stock, valued at $1,658,967.80. This trade represents a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 23,962 shares of company stock valued at $1,360,146. Insiders own 39.73% of the company's stock.

CLEAR Secure Trading Down 0.3%

Shares of NYSE:YOU opened at $54.34 on Friday. CLEAR Secure, Inc. has a 12 month low of $24.06 and a 12 month high of $62.73. The company has a 50-day moving average price of $54.84 and a 200 day moving average price of $43.75. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 43.82 and a beta of 1.08.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same quarter last year, the firm earned $0.26 EPS. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities analysts forecast that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. CLEAR Secure's dividend payout ratio (DPR) is presently 48.39%.

Analysts Set New Price Targets

A number of brokerages have issued reports on YOU. Weiss Ratings upgraded CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, May 15th. Wall Street Zen upgraded CLEAR Secure from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. Telsey Advisory Group increased their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Finally, DA Davidson reissued a "neutral" rating and set a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.

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