Jefferies Financial Group Inc. Buys 10,742 Shares of Clear Secure, Inc. (NYSE:YOU)

Jefferies Financial Group Inc. grew its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 100.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,442 shares of the company's stock after acquiring 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 quarter.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank acquired a new stake in shares of Clear Secure in the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. raised its position in shares of Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its position in shares of Clear Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after buying an additional 2,276 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after buying an additional 450 shares in the last quarter. Finally, Natixis acquired a new stake in shares of Clear Secure in the fourth quarter valued at approximately $73,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YOU has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 price target on shares of Clear Secure in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.00.

Insiders Place Their Bets

In other Clear Secure news, Director Kenneth L. Cornick sold 228,374 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the sale, the director now owns 149,093 shares of the company's stock, valued at approximately $3,807,835.22. The trade was a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 957,964 shares of company stock valued at $24,155,799. 39.73% of the stock is currently owned by insiders.

Clear Secure Price Performance

NYSE:YOU traded up $0.96 during mid-day trading on Tuesday, reaching $26.03. The stock had a trading volume of 1,612,069 shares, compared to its average volume of 2,019,451. The stock has a 50-day simple moving average of $25.32 and a two-hundred day simple moving average of $25.42. The stock has a market capitalization of $3.46 billion, a PE ratio of 30.26 and a beta of 1.25. Clear Secure, Inc. has a 12 month low of $17.01 and a 12 month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $211.40 million during the quarter, compared to the consensus estimate 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 was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. Equities analysts expect 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 will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.92%. Clear Secure's payout ratio is presently 31.25%.

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.