19,068 Shares in CLEAR Secure, Inc. $YOU Purchased by Virtus Advisers LLC

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

Other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new stake in shares of CLEAR Secure during the 1st quarter valued at $27,000. Fifth Third Bancorp boosted its position in CLEAR Secure by 217.0% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after purchasing an additional 764 shares during the period. First Horizon Advisors Inc. boosted its position in CLEAR Secure by 72.0% during the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock worth $38,000 after purchasing an additional 617 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in CLEAR Secure during the 1st quarter worth $41,000. Finally, NewEdge Advisors LLC purchased a new stake in CLEAR Secure during the 4th quarter worth $74,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CLEAR Secure Trading Down 1.4%

YOU stock traded down $0.53 during trading on Friday, reaching $36.34. The stock had a trading volume of 2,008,702 shares, compared to its average volume of 1,843,552. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $38.88. The company has a market capitalization of $4.83 billion, a P/E ratio of 22.71 and a beta of 1.25. The firm has a fifty day moving average price of $30.92 and a 200 day moving average price of $27.14.

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

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 10th. CLEAR Secure's dividend payout ratio is 31.25%.

Insider Activity

In other news, CAO Dennis W. Liu sold 2,027 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $36.00, for a total value of $72,972.00. Following the sale, the chief accounting officer owned 11,896 shares in the company, valued at approximately $428,256. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 owned 201,634 shares in the company, valued at approximately $7,057,190. This trade represents a 2.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,027 shares of company stock worth $2,043,243. 39.73% of the stock is currently owned by corporate 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.