Universal Beteiligungs und Servicegesellschaft mbH Invests $635,000 in CLEAR Secure, Inc. (NYSE:YOU)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CLEAR Secure, Inc., purchasing 24,500 shares valued at approximately $635,000.
• Multiple large investors have significantly increased their stakes in CLEAR Secure, with Wellington Management raising its investment by 74.9% in the last quarter.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $32.40, despite a recent downgrade from a "buy" to a "hold".

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,500 shares of the company's stock, valued at approximately $635,000.

Several other large investors have also made changes to their positions in YOU. Wellington Management Group LLP raised its stake in shares of CLEAR Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after buying an additional 1,422,999 shares during the period. Copeland Capital Management LLC raised its stake in shares of CLEAR Secure by 71.4% during the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock worth $51,210,000 after buying an additional 823,166 shares during the period. Ribbit Management Company LLC purchased a new stake in shares of CLEAR Secure during the fourth quarter worth approximately $14,598,000. Renaissance Technologies LLC increased its position in shares of CLEAR Secure by 15.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after purchasing an additional 501,000 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of CLEAR Secure by 69.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,036,245 shares of the company's stock worth $27,606,000 after purchasing an additional 425,424 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen cut CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Stifel Nicolaus boosted their price target on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $32.00 price target on shares of CLEAR Secure in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

CLEAR Secure Stock Down 1.9%

Shares of NYSE:YOU opened at $28.86 on Friday. The business has a fifty day moving average of $27.37 and a two-hundred day moving average of $25.76. The stock has a market cap of $3.84 billion, a P/E ratio of 18.04 and a beta of 1.25. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its earnings results 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). The company had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. On average, equities analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio is presently 31.25%.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, Director Kenneth L. Cornick sold 228,374 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the completion of the sale, the director directly owned 149,093 shares in the company, valued at $3,807,835.22. This represents a 60.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adam Wiener sold 5,000 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director owned 207,634 shares of the company's stock, valued at approximately $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 965,964 shares of company stock valued at $24,388,299. 39.73% of the stock is owned by company insiders.

CLEAR Secure 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.

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