Harbor Capital Advisors Inc. Makes New $684,000 Investment in CLEAR Secure, Inc. (NYSE:YOU)

Harbor Capital Advisors Inc. bought a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,389 shares of the company's stock, valued at approximately $684,000.

Several other institutional investors have also recently made changes to their positions in YOU. Choreo LLC raised its position in CLEAR Secure by 62.6% in the 4th quarter. Choreo LLC now owns 9,923 shares of the company's stock worth $269,000 after purchasing an additional 3,819 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of CLEAR Secure by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company's stock valued at $1,209,000 after buying an additional 800 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of CLEAR Secure by 24.4% in the fourth quarter. New York State Teachers Retirement System now owns 47,756 shares of the company's stock worth $1,272,000 after buying an additional 9,380 shares during the period. Blue Trust Inc. lifted its stake 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 worth $91,000 after acquiring an additional 2,696 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in CLEAR Secure by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 507,631 shares of the company's stock valued at $13,523,000 after acquiring an additional 28,871 shares during the period. Institutional investors own 73.80% of the company's stock.

Insider Activity

In other CLEAR Secure news, Director Kenneth L. Cornick sold 315,591 shares of CLEAR Secure stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total value of $7,896,086.82. Following the transaction, the director now directly owns 64,935 shares of the company's stock, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 957,964 shares of company stock worth $24,155,799. 39.73% of the stock is currently owned by company insiders.

CLEAR Secure Trading Up 0.8%

Shares of CLEAR Secure stock traded up $0.20 during trading on Tuesday, hitting $24.56. 1,124,896 shares of the stock traded hands, compared to its average volume of 2,022,735. The stock's fifty day simple moving average is $25.34 and its 200 day simple moving average is $25.36. The firm has a market cap of $3.27 billion, a P/E ratio of 15.35 and a beta of 1.22. CLEAR Secure, Inc. has a 52-week low of $18.21 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 the consensus estimate of $208.02 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The company's revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, equities analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.04%. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

Analysts Set New Price Targets

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

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.