Transcend Capital Advisors LLC Purchases Shares of 54,527 CLEAR Secure, Inc. (NYSE:YOU)

Transcend Capital Advisors LLC acquired a new position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 54,527 shares of the company's stock, valued at approximately $1,413,000.

Several other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC purchased a new position in shares of CLEAR Secure in the first quarter valued at $27,000. Fifth Third Bancorp grew its stake in shares of CLEAR Secure by 217.0% in the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after buying an additional 764 shares in the last quarter. Huntington National Bank purchased a new position in shares of CLEAR Secure in the 4th quarter worth $35,000. SRS Capital Advisors Inc. increased its holdings in shares of CLEAR Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after buying an additional 766 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of CLEAR Secure by 113,800.0% during the 4th 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. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CLEAR Secure

In other news, Director Kenneth L. Cornick sold 228,374 shares of the company's 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 transaction, the director now directly owns 149,093 shares in the company, valued at approximately $3,807,835.22. This represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 957,964 shares of company stock worth $24,155,799. 39.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. 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. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of CLEAR Secure in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, CLEAR Secure presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

CLEAR Secure Trading Up 1.1%

YOU stock opened at $27.61 on Friday. The stock has a market cap of $3.67 billion, a PE ratio of 17.26 and a beta of 1.22. CLEAR Secure, Inc. has a 12 month low of $18.23 and a 12 month high of $38.88. The company has a 50-day moving average price of $25.25 and a 200 day moving average price of $25.33.

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 the consensus estimate of $0.30 by ($0.04). CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same period in the previous year, the business earned $0.28 EPS. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a $0.125 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.81%. CLEAR Secure's payout ratio is 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.

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