Janney Montgomery Scott LLC Reduces Stock Position in CLEAR Secure, Inc. $YOU

Key Points

• Janney Montgomery Scott LLC reduced its stake in CLEAR Secure, Inc. by 2.0% to own 1,161,809 shares, valued at approximately $32.25 million.
• CLEAR Secure reported a 17.6% increase in quarterly revenue year-over-year, with earnings of $0.26 per share, surpassing analysts' expectations.
• The firm recently announced a quarterly dividend of $0.125 per share, which represents an annualized yield of 1.6%.

Janney Montgomery Scott LLC lessened its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,161,809 shares of the company's stock after selling 24,195 shares during the period. Janney Montgomery Scott LLC owned 0.87% of CLEAR Secure worth $32,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. New York State Common Retirement Fund increased its stake in CLEAR Secure by 6.3% in the first quarter. New York State Common Retirement Fund now owns 28,913 shares of the company's stock valued at $749,000 after acquiring an additional 1,712 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in CLEAR Secure by 54.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company's stock valued at $713,000 after acquiring an additional 9,768 shares during the last quarter. Personal CFO Solutions LLC bought a new position in CLEAR Secure in the first quarter valued at $260,000. Principal Financial Group Inc. increased its stake in CLEAR Secure by 2.3% in the first quarter. Principal Financial Group Inc. now owns 519,264 shares of the company's stock valued at $13,454,000 after acquiring an additional 11,633 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in 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 during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Insider Activity

In related news, CAO Dennis W. Liu sold 5,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $33.60, for a total transaction of $168,000.00. Following the completion of the transaction, the chief accounting officer owned 13,923 shares of the company's stock, valued at $467,812.80. This trade represents a 26.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Adam Wiener sold 6,000 shares of CLEAR Secure stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the transaction, the director directly owned 201,634 shares of the company's stock, valued at $7,057,190. The trade was a 2.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,027 shares of company stock worth $1,960,743. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Stock Down 4.9%

Shares of NYSE YOU opened at $31.75 on Thursday. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $39.00. The firm has a market cap of $4.22 billion, a P/E ratio of 19.84 and a beta of 1.24. The company has a 50 day moving average of $34.44 and a 200 day moving average of $29.09.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced 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. The business had revenue of $219.47 million during the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The company's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. CLEAR Secure has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. CLEAR Secure's dividend payout ratio (DPR) is currently 31.25%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Telsey Advisory Group lifted their price objective on CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised their target price on CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Stifel Nicolaus raised their target price on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Wells Fargo & Company raised their target price on CLEAR Secure from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, Zacks Research raised CLEAR Secure from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, CLEAR Secure presently has an average rating of "Moderate Buy" and a consensus target price of $34.71.

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.

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