Jupiter Asset Management Ltd. Buys 635,400 Shares of CLEAR Secure, Inc. $YOU

Key Points

• Jupiter Asset Management boosted its stake in CLEAR Secure by 260.8% in the fourth quarter, adding 635,400 shares to reach 879,039 shares valued at about $30.8 million.
• CLEAR Secure reported better-than-expected quarterly results, with EPS of $0.38 versus $0.35 expected and revenue of $253 million, up 19.7% year over year.
• The company announced a quarterly dividend of $0.15 per share, while analysts currently rate the stock a consensus Moderate Buy with an average price target of $60.

Jupiter Asset Management Ltd. increased its position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 260.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 879,039 shares of the company's stock after purchasing an additional 635,400 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.66% of CLEAR Secure worth $30,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $25,000 after buying an additional 748 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure in the first quarter worth about $28,000. Allworth Financial LP grew its holdings in CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company's stock worth $36,000 after acquiring an additional 555 shares in the last quarter. Strs Ohio purchased a new position in CLEAR Secure during the 3rd quarter valued at about $53,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of CLEAR Secure in the 4th quarter valued at about $53,000. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Stock Up 0.3%

Shares of CLEAR Secure stock opened at $56.70 on Friday. The company has a 50 day moving average price of $54.29 and a 200 day moving average price of $43.02. The firm has a market capitalization of $7.56 billion, a P/E ratio of 45.73 and a beta of 1.09. CLEAR Secure, Inc. has a 52 week low of $24.06 and a 52 week high of $62.73.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. The business had revenue of $253.00 million during the quarter, compared to analysts' expectations of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. As a group, research analysts anticipate that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure's payout ratio is presently 48.39%.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the completion of the transaction, the chief accounting officer directly owned 10,960 shares of the company's stock, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,311 shares of company stock valued at $2,274,919 over the last three months. Company insiders own 39.73% of the company's stock.

Wall Street Analyst Weigh In

YOU has been the topic of several research reports. Needham & Company LLC lifted their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Weiss Ratings raised CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, May 15th. Wells Fargo & Company lifted their price target on CLEAR Secure from $33.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on CLEAR Secure from $42.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. Finally, DA Davidson reiterated a "neutral" rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

CLEAR Secure Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.

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