New York State Teachers Retirement System Purchases 20,472 Shares of CLEAR Secure, Inc. (NYSE:YOU)

New York State Teachers Retirement System lifted its stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 42.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,228 shares of the company's stock after purchasing an additional 20,472 shares during the period. New York State Teachers Retirement System's holdings in CLEAR Secure were worth $1,768,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Harbor Investment Advisory LLC bought a new position in CLEAR Secure in the first quarter worth about $27,000. Fifth Third Bancorp lifted its holdings in CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after acquiring an additional 764 shares during the last quarter. Huntington National Bank bought a new position in CLEAR Secure in the fourth quarter worth about $35,000. Strategic Investment Solutions Inc. IL lifted its holdings in 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 worth $61,000 after acquiring an additional 2,276 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in CLEAR Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

CLEAR Secure Trading Down 2.4%

YOU stock traded down $0.70 during trading hours on Friday, hitting $28.39. 1,255,462 shares of the stock traded hands, compared to its average volume of 2,063,857. The stock has a 50-day simple moving average of $25.86 and a 200 day simple moving average of $25.46. The company has a market cap of $3.78 billion, a P/E ratio of 17.74 and a beta of 1.25. CLEAR Secure, Inc. has a one year low of $18.23 and a one year high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The business had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were given a $0.125 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.76%. CLEAR Secure's dividend payout ratio (DPR) is 31.25%.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, Director Kenneth L. Cornick sold 315,591 shares of CLEAR Secure stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director directly owned 64,935 shares in the company, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Adam Wiener sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total transaction of $82,500.00. Following the sale, the director owned 212,634 shares of the company's stock, valued at approximately $5,847,435. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 960,964 shares of company stock worth $24,238,299. 39.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on YOU. Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of CLEAR Secure in a report on Monday, March 24th. Wall Street Zen raised CLEAR Secure from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price target on shares of CLEAR Secure in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

CLEAR Secure Company 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.