CLEAR Secure, Inc. $YOU Shares Sold by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. reduced its stake in CLEAR Secure by 65.5%, holding approximately 0.12% of the company, valued at $4.27 million as of the most recent report.
• Several institutional investors have increased their positions in CLEAR Secure, including Geneos Wealth Management which boosted its stake by 329.5%, reflecting a growing interest from hedge funds.
• CLEAR Secure reported a quarterly earnings beat with $0.26 earnings per share and announced a quarterly dividend of $0.125, indicating strong financial performance despite a year-over-year EPS decline.

Hodges Capital Management Inc. lowered its stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 65.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,001 shares of the company's stock after selling 312,854 shares during the period. Hodges Capital Management Inc. owned 0.12% of CLEAR Secure worth $4,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $25,000 after buying an additional 748 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in CLEAR Secure during the first quarter worth $27,000. Advisors Asset Management Inc. acquired a new position in CLEAR Secure during the first quarter worth $28,000. Fifth Third Bancorp boosted its stake in CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after buying an additional 764 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in CLEAR Secure by 72.0% during the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock worth $38,000 after buying an additional 617 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Ratings Changes

YOU has been the topic of a number of recent research reports. Wall Street Zen raised CLEAR Secure from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. DA Davidson started coverage on CLEAR Secure in a research note on Tuesday. They issued a "buy" rating and a $45.00 price target on the stock. Stifel Nicolaus upped their price target on CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. Telsey Advisory Group upped their price target on CLEAR Secure from $32.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their price target on CLEAR Secure from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.71.

CLEAR Secure Stock Down 1.3%

NYSE YOU traded down $0.48 during trading hours on Wednesday, hitting $37.32. 375,092 shares of the company were exchanged, compared to its average volume of 1,898,211. The company has a 50 day moving average of $32.97 and a two-hundred day moving average of $28.25. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $38.88. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 23.37 and a beta of 1.27.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 EPS 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 business had revenue of $219.47 million for the quarter, compared to the consensus estimate of $214.90 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business's revenue for the quarter was up 17.6% on a year-over-year basis. CLEAR Secure has set its Q3 2025 guidance at EPS. On average, equities research analysts predict 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 given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. CLEAR Secure's dividend payout ratio is 31.25%.

Insider Activity at CLEAR Secure

In related news, CAO Dennis W. Liu sold 2,027 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $36.00, for a total value of $72,972.00. Following the completion of the sale, the chief accounting officer directly owned 11,896 shares of the company's stock, valued at $428,256. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Z. Barkin sold 16,050 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $35.22, for a total value of $565,281.00. Following the completion of the sale, the president directly owned 12,725 shares of the company's stock, valued at approximately $448,174.50. This trade represents a 55.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,027 shares of company stock valued at $2,043,243 in the last three months. 39.73% of the stock is currently 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.