Jefferies Financial Group Inc. Acquires 428,855 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Key Points

• Jefferies Financial Group Inc. increased its holdings in CLEAR Secure, Inc. by 2,000.1% during the 1st quarter, acquiring an additional 428,855 shares and bringing its total ownership to approximately 450,297 shares valued at $11.67 million.
• The stock has seen mixed ratings from analysts, with Stifel Nicolaus raising its price target to $28 while other firms adjusted their ratings to "hold," resulting in an average consensus price target of $32.40.
• CLEAR Secure recently reported quarterly earnings, missing expectations with $0.26 EPS against the consensus estimate of $0.30, while revenue increased by 18.1% year-over-year.

Jefferies Financial Group Inc. increased its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 2,000.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450,297 shares of the company's stock after buying an additional 428,855 shares during the period. Jefferies Financial Group Inc. owned about 0.33% of CLEAR Secure worth $11,667,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of CLEAR Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after purchasing an additional 1,422,999 shares during the period. Copeland Capital Management LLC raised its position in CLEAR Secure by 71.4% during the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock worth $51,210,000 after purchasing an additional 823,166 shares during the last quarter. Ribbit Management Company LLC bought a new position in CLEAR Secure during the 4th quarter worth $14,598,000. Renaissance Technologies LLC lifted its holdings in CLEAR Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after buying an additional 501,000 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of CLEAR Secure by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock valued at $333,718,000 after buying an additional 473,207 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

YOU has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday. Wall Street Zen lowered shares of CLEAR Secure from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $32.00 price target on shares of CLEAR Secure in a research report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

CLEAR Secure Price Performance

Shares of NYSE:YOU opened at $29.41 on Friday. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The business's 50-day moving average is $27.27 and its 200-day moving average is $25.74. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 18.38 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. CLEAR Secure's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.7%. CLEAR Secure's dividend payout ratio is currently 31.25%.

Insider Buying and Selling at CLEAR Secure

In other news, Director Adam Wiener sold 5,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director directly owned 207,634 shares in the company, valued at $6,229,020. This trade represents a 2.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kenneth L. Cornick sold 315,591 shares of the business's stock in a transaction dated 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 completion of the sale, the director directly owned 64,935 shares of the company's stock, valued at $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 965,964 shares of company stock worth $24,388,299. 39.73% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.