Virtus Advisers LLC Takes Position in CLEAR Secure, Inc. $YOU

Key Points

• Virtus Advisers LLC acquired a new stake in CLEAR Secure, purchasing 19,068 shares valued at approximately $494,000 in Q1 2023.
• Insider transactions revealed significant sales, with CAO Dennis W. Liu and President Michael Z. Barkin selling a total of 25,000 shares, reflecting substantial decreases in their holdings.
• Following a recent earnings report that exceeded expectations, research analysts have issued mixed ratings on CLEAR Secure, with price targets ranging from $25 to $37.

Virtus Advisers LLC bought a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,068 shares of the company's stock, valued at approximately $494,000.

Several other large investors have also modified their holdings of the stock. Jump Financial LLC boosted its holdings in shares of CLEAR Secure by 110.0% in the 1st quarter. Jump Financial LLC now owns 132,199 shares of the company's stock valued at $3,425,000 after buying an additional 69,259 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of CLEAR Secure in the 1st quarter valued at $6,283,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of CLEAR Secure in the 1st quarter valued at $41,000. Hsbc Holdings PLC boosted its holdings in shares of CLEAR Secure by 424.3% in the 1st quarter. Hsbc Holdings PLC now owns 63,205 shares of the company's stock valued at $1,637,000 after buying an additional 51,151 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of CLEAR Secure by 8.7% in the 1st quarter. Northern Trust Corp now owns 1,137,686 shares of the company's stock valued at $29,477,000 after buying an additional 90,714 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Insiders Place Their Bets

In other CLEAR Secure news, CAO Dennis W. Liu sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $33.60, for a total value of $168,000.00. Following the sale, the chief accounting officer owned 13,923 shares of the company's stock, valued at $467,812.80. This represents a 26.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adam Wiener sold 6,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the sale, the director directly owned 201,634 shares in the company, valued at $7,057,190. This trade represents a 2.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,027 shares of company stock worth $2,043,243. 39.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

CLEAR Secure Price Performance

Shares of NYSE YOU traded up $0.36 during trading on Thursday, hitting $36.91. 1,357,451 shares of the company were exchanged, compared to its average volume of 1,839,165. CLEAR Secure, Inc. has a 1 year low of $21.67 and a 1 year high of $38.88. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 22.02 and a beta of 1.25. The firm's fifty day moving average price is $30.45 and its 200 day moving average price is $26.93.

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

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, September 10th. CLEAR Secure's dividend payout ratio is presently 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.