Janney Montgomery Scott LLC Sells 12,780 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Janney Montgomery Scott LLC lessened its position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,186,004 shares of the company's stock after selling 12,780 shares during the period. Janney Montgomery Scott LLC owned about 0.87% of CLEAR Secure worth $30,729,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position 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 buying an additional 13,499 shares in the last quarter. Fifth Third Bancorp raised its stake 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 during the last quarter. SG Americas Securities LLC acquired a new position in shares of CLEAR Secure in the 1st quarter worth approximately $1,164,000. Accurate Wealth Management LLC bought a new stake in CLEAR Secure during the 1st quarter worth approximately $891,000. Finally, GAMMA Investing LLC grew its position in CLEAR Secure by 546.5% during the 1st quarter. GAMMA Investing LLC now owns 7,234 shares of the company's stock worth $187,000 after acquiring an additional 6,115 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

CLEAR Secure Price Performance

CLEAR Secure stock traded up $0.10 during trading hours on Wednesday, hitting $24.64. The company had a trading volume of 1,588,740 shares, compared to its average volume of 2,021,006. The firm has a 50-day moving average of $25.34 and a 200 day moving average of $25.36. The firm has a market cap of $3.28 billion, a PE ratio of 15.40 and a beta of 1.22. CLEAR Secure, Inc. has a one year low of $18.21 and a one year high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last released 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 analyst estimates of $208.02 million. During the same quarter last year, the company posted $0.28 earnings per share. The company's revenue was up 18.1% on a year-over-year basis. As a group, research analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.03%. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other CLEAR Secure news, Director Kenneth L. Cornick sold 291,466 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $25.05, for a total value of $7,301,223.30. Following the transaction, the director now directly owns 64,935 shares of the company's stock, valued at $1,626,621.75. This trade represents a 81.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 957,964 shares of company stock worth $24,155,799 in the last 90 days. Company insiders own 39.73% of the company's stock.

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.