Jefferies Financial Group Inc. Boosts Position in Clear Secure, Inc. (NYSE:YOU)

Jefferies Financial Group Inc. grew its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 100.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,442 shares of the company's stock after buying an additional 10,742 shares during the period. Jefferies Financial Group Inc.'s holdings in Clear Secure were worth $571,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Renaissance Technologies LLC boosted its stake 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 purchasing an additional 501,000 shares during the period. Raymond James Financial Inc. acquired a new stake in Clear Secure during the 4th quarter worth $1,695,000. William Blair Investment Management LLC acquired a new stake in Clear Secure during the 4th quarter worth $37,697,000. Cerity Partners LLC boosted its stake in Clear Secure by 1,557.5% during the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after purchasing an additional 324,314 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in Clear Secure during the 4th quarter worth $30,724,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Trading Up 1.9%

Shares of YOU traded up $0.47 during trading hours on Friday, reaching $24.78. The company had a trading volume of 1,406,812 shares, compared to its average volume of 2,021,151. The firm has a 50 day simple moving average of $25.38 and a 200-day simple moving average of $25.44. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 28.81 and a beta of 1.25. Clear Secure, Inc. has a 12-month low of $16.90 and a 12-month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Sell-side analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.02%. Clear Secure's dividend payout ratio (DPR) is currently 31.25%.

Insider Buying and Selling at Clear Secure

In related news, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total value of $5,832,671.96. Following the sale, the director now directly owns 149,093 shares of the company's stock, valued at approximately $3,807,835.22. This trade represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 957,964 shares of company stock worth $24,155,799. 39.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.