CWA Asset Management Group LLC Increases Position in CLEAR Secure, Inc. (NYSE:YOU)

CWA Asset Management Group LLC raised its stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 59.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of YOU. New York State Teachers Retirement System lifted its stake in CLEAR Secure by 24.4% during the 4th quarter. New York State Teachers Retirement System now owns 47,756 shares of the company's stock valued at $1,272,000 after acquiring an additional 9,380 shares during the period. Blue Trust Inc. grew its position in shares of CLEAR Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after acquiring an additional 2,696 shares during the period. Principal Financial Group Inc. grew its holdings in CLEAR Secure by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 507,631 shares of the company's stock valued at $13,523,000 after purchasing an additional 28,871 shares during the period. Ieq Capital LLC purchased a new stake in CLEAR Secure in the 4th quarter worth approximately $546,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of CLEAR Secure in the fourth quarter worth $1,056,000. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

YOU has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of CLEAR Secure in a research report on Monday, March 24th. Stifel Nicolaus cut their price objective on shares of CLEAR Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 price target on shares of CLEAR Secure in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

CLEAR Secure Stock Up 0.4%

YOU opened at $24.64 on Friday. The firm's 50-day moving average price is $25.29 and its 200-day moving average price is $25.35. The company has a market cap of $3.28 billion, a P/E ratio of 15.40 and a beta of 1.22. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88.

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 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 business had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. During the same period in the previous year, the company posted $0.28 earnings per share. CLEAR Secure's revenue for the quarter was up 18.1% compared to the same quarter last year. On average, research analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's payout ratio is currently 31.25%.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, Director Kenneth L. Cornick sold 122,533 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $25.51, for a total value of $3,125,816.83. Following the transaction, the director now owns 64,935 shares of the company's stock, valued at $1,656,491.85. This represents a 65.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 957,964 shares of company stock valued at $24,155,799. 39.73% of the stock is owned by company insiders.

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.

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