CWA Asset Management Group LLC Acquires 17,521 Shares of CLEAR Secure, Inc. (NYSE:YOU)

CWA Asset Management Group LLC increased its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 59.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,925 shares of the company's stock after acquiring an additional 17,521 shares during the period. CWA Asset Management Group LLC's holdings in CLEAR Secure were worth $1,216,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Cornerstone Wealth Management LLC grew its holdings in shares of CLEAR Secure by 14.8% in the first quarter. Cornerstone Wealth Management LLC now owns 38,665 shares of the company's stock valued at $1,002,000 after acquiring an additional 4,982 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CLEAR Secure by 132.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,681 shares of the company's stock valued at $614,000 after acquiring an additional 13,499 shares in the last quarter. Fifth Third Bancorp grew its holdings 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 acquiring an additional 764 shares in the last quarter. SG Americas Securities LLC bought a new position in CLEAR Secure during the first quarter valued at $1,164,000. Finally, Accurate Wealth Management LLC purchased a new stake in CLEAR Secure in the first quarter worth $891,000. 73.80% of the stock is owned by institutional investors.

Insider Transactions at CLEAR Secure

In other news, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was 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 now directly owns 149,093 shares of the company's stock, valued at $3,807,835.22. This trade represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 957,964 shares of company stock valued at $24,155,799 over the last three months. Company insiders own 39.73% of the company's stock.

CLEAR Secure Stock Performance

NYSE:YOU traded up $1.11 during trading hours on Monday, reaching $26.25. The stock had a trading volume of 1,643,404 shares, compared to its average volume of 2,032,932. The stock has a 50 day simple moving average of $25.23 and a 200 day simple moving average of $25.31. CLEAR Secure, Inc. has a 12-month low of $18.23 and a 12-month high of $38.88. The stock has a market cap of $3.49 billion, a P/E ratio of 16.41 and a beta of 1.22.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS 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 company had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same period in the previous year, the business earned $0.28 earnings per share. CLEAR Secure's revenue was up 18.1% on a year-over-year basis. On average, equities analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on YOU. Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of CLEAR Secure in a research report on Monday, March 24th. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 target price on shares of CLEAR Secure in a research report on Friday, May 9th. Finally, Stifel Nicolaus decreased their target price on CLEAR Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, CLEAR Secure has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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.