Nuveen LLC Takes Position in CLEAR Secure, Inc. $YOU

Key Points

• Nuveen LLC acquired a new stake in CLEAR Secure, Inc., purchasing 1,191,140 shares valued at approximately $30.86 million, indicating institutional interest in the company.
• The company reported quarterly earnings of $0.26 per share, exceeding analysts' expectations, with a 17.6% year-over-year revenue growth to $219.47 million.
• CLEAR Secure declared a quarterly dividend of $0.125 per share, translating to an annualized yield of 1.5%, with the dividend payout ratio currently at 31.25%.

Nuveen LLC acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,191,140 shares of the company's stock, valued at approximately $30,862,000. Nuveen LLC owned approximately 0.87% of CLEAR Secure at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Aigen Investment Management LP raised its holdings in shares of CLEAR Secure by 23.2% in the 1st quarter. Aigen Investment Management LP now owns 23,065 shares of the company's stock valued at $598,000 after purchasing an additional 4,340 shares in the last quarter. Invesco Ltd. raised its holdings in shares of CLEAR Secure by 74.9% in the 1st quarter. Invesco Ltd. now owns 978,584 shares of the company's stock valued at $25,355,000 after purchasing an additional 419,133 shares in the last quarter. Davis Selected Advisers raised its stake in CLEAR Secure by 0.3% during the 1st quarter. Davis Selected Advisers now owns 581,691 shares of the company's stock worth $15,072,000 after acquiring an additional 2,005 shares in the last quarter. Swiss National Bank raised its stake in CLEAR Secure by 6.1% during the 1st quarter. Swiss National Bank now owns 173,400 shares of the company's stock worth $4,493,000 after acquiring an additional 9,900 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in CLEAR Secure by 181.2% during the 1st quarter. Deutsche Bank AG now owns 229,972 shares of the company's stock worth $5,959,000 after acquiring an additional 148,197 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of CLEAR Secure from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. The Goldman Sachs Group lifted their price target on shares of CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Stifel Nicolaus lifted their price target on shares of CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Finally, Telsey Advisory Group lifted their price target on shares of CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $33.00.

CLEAR Secure Stock Performance

NYSE YOU traded down $0.4350 during trading on Wednesday, reaching $33.5650. The company's stock had a trading volume of 1,904,046 shares, compared to its average volume of 1,942,063. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 20.98 and a beta of 1.25. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $38.88. The business's fifty day moving average price is $29.16 and its 200-day moving average price is $26.44.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The company had revenue of $219.47 million for the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. CLEAR Secure's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. CLEAR Secure has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. CLEAR Secure's payout ratio is presently 31.25%.

Insider Activity

In other news, Director Kenneth L. Cornick sold 228,374 shares of CLEAR Secure stock in a transaction dated 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 owned 149,093 shares of the company's stock, valued at $3,807,835.22. The trade was a 60.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the sale, the director directly owned 207,634 shares in the company, valued at approximately $6,229,020. The trade was a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 261,374 shares of company stock worth $6,889,372 in the last ninety days. 39.73% of the stock is currently owned by insiders.

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.