Two Sigma Advisers LP Boosts Stake in Clear Secure, Inc. (NYSE:YOU)

Two Sigma Advisers LP boosted its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 74.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 184,700 shares of the company's stock after buying an additional 79,000 shares during the period. Two Sigma Advisers LP owned approximately 0.13% of Clear Secure worth $4,920,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of YOU. Huntington National Bank bought a new stake in shares of Clear Secure in the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. grew its stake in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after acquiring an additional 766 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares during the last quarter. Harbour Investments Inc. grew its position in 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 purchasing an additional 450 shares in the last quarter. Finally, Natixis acquired a new stake in Clear Secure in the 4th quarter valued at $73,000. Institutional investors own 73.80% of the company's stock.

Clear Secure Stock Up 0.3%

Shares of YOU traded up $0.07 during trading hours on Friday, hitting $24.38. 171,818 shares of the company were exchanged, compared to its average volume of 2,017,265. Clear Secure, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $38.88. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 28.35 and a beta of 1.25. The firm's fifty day moving average is $25.44 and its 200 day moving average is $25.46.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. The company's revenue for the quarter was up 18.1% on a year-over-year basis. Analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be given a $0.125 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. Clear Secure's dividend payout ratio (DPR) is currently 31.25%.

Insiders Place Their Bets

In other news, Director Kenneth L. Cornick sold 291,466 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $25.05, for a total value of $7,301,223.30. Following the completion of the sale, the director now owns 64,935 shares in the company, valued at $1,626,621.75. This represents a 81.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 957,964 shares of company stock worth $24,155,799. Company insiders own 39.73% of the company's stock.

Wall Street Analysts Forecast Growth

YOU has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 price objective on shares of Clear Secure in a report on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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.