Capital Performance Advisors LLP Invests $26,000 in Clear Secure, Inc. (NYSE:YOU)

Capital Performance Advisors LLP bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 771 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Clear Secure during the 3rd quarter valued at $33,000. University of Texas Texas AM Investment Management Co. bought a new stake in Clear Secure during the second quarter valued at about $26,000. NBC Securities Inc. purchased a new stake in Clear Secure in the third quarter worth about $105,000. Plato Investment Management Ltd raised its stake in shares of Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after buying an additional 5,057 shares during the period. Finally, Quarry LP lifted its position in shares of Clear Secure by 406.1% during the 2nd quarter. Quarry LP now owns 5,719 shares of the company’s stock valued at $107,000 after buying an additional 4,589 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on YOU. Stifel Nicolaus increased their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wedbush restated a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Friday. Finally, Telsey Advisory Group upped their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.67.

Clear Secure Stock Up 0.3 %

Shares of YOU stock opened at $27.85 on Tuesday. The stock has a market cap of $3.88 billion, a P/E ratio of 32.38 and a beta of 1.63. The company’s fifty day simple moving average is $33.03 and its two-hundred day simple moving average is $24.94. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 43.77%. The firm had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same period in the previous year, the company posted $0.20 earnings per share. Clear Secure’s quarterly revenue was up 23.7% on a year-over-year basis. On average, analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is currently 58.14%.

Insider Activity at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total value of $202,800.00. Following the completion of the transaction, the insider now directly owns 26,727 shares of the company’s stock, valued at $722,698.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total transaction of $202,800.00. Following the transaction, the insider now directly owns 26,727 shares of the company’s stock, valued at $722,698.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,164,435 shares of company stock valued at $36,610,377 over the last 90 days. 37.85% of the stock is owned by corporate insiders.

Clear Secure Company 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.