Corient IA LLC Invests $389,000 in CLEAR Secure, Inc. $YOU

Key Points

• Corient IA LLC has invested approximately $389,000 in CLEAR Secure, Inc., acquiring 15,000 shares of the company during the first quarter.
• A number of analysts have varied opinions on CLEAR Secure's stock, with price targets ranging from $25.00 to $37.00, reflecting a mix of "hold," "buy," and "underweight" ratings.
• The company recently announced a quarterly dividend of $0.125, payable on September 17th, translating to an annual yield of 1.5%.

Corient IA LLC acquired a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,000 shares of the company's stock, valued at approximately $389,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC purchased a new position in CLEAR Secure in the 1st quarter valued at about $27,000. Fifth Third Bancorp raised its position 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 valued at $29,000 after buying an additional 764 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of CLEAR Secure by 72.0% during the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock valued at $38,000 after buying an additional 617 shares during the period. Natixis acquired a new stake in CLEAR Secure during the fourth quarter worth approximately $73,000. Finally, NewEdge Advisors LLC acquired a new stake in CLEAR Secure during the fourth quarter worth approximately $74,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Insider Transactions at CLEAR Secure

In related news, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the director owned 207,634 shares in the company, valued at approximately $6,229,020. This trade represents a 2.35% 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 the SEC website. Also, Director Kenneth L. Cornick sold 228,374 shares of CLEAR Secure stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total value of $5,832,671.96. Following the completion of the transaction, the director owned 149,093 shares in the company, valued at $3,807,835.22. The trade was a 60.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 383,907 shares of company stock worth $10,015,189 over the last ninety days. 39.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of CLEAR Secure from $23.00 to $25.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Stifel Nicolaus increased their price target on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Wall Street Zen lowered CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. The Goldman Sachs Group increased their price target on CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Telsey Advisory Group increased their price target on CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, CLEAR Secure presently has an average rating of "Hold" and a consensus target price of $33.00.

CLEAR Secure Stock Down 0.7%

Shares of CLEAR Secure stock opened at $33.54 on Monday. CLEAR Secure, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $38.88. The firm has a market cap of $4.46 billion, a PE ratio of 20.96 and a beta of 1.25. The business's fifty day moving average is $28.85 and its two-hundred day moving average is $26.32.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%. The firm had revenue of $219.47 million for the quarter, compared to analysts' expectations of $214.90 million. During the same quarter last year, the firm earned $0.34 earnings per share. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

About CLEAR Secure

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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