Clear Secure, Inc. (NYSE:YOU) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 2.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 126,751 shares of the company’s stock after selling 3,070 shares during the period. Massachusetts Financial Services Co. MA owned about 0.09% of Clear Secure worth $4,201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure during the 3rd quarter valued at $26,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Clear Secure during the 3rd quarter valued at $33,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Clear Secure during the 2nd quarter valued at $26,000. KBC Group NV acquired a new stake in shares of Clear Secure during the 3rd quarter valued at $90,000. Finally, NBC Securities Inc. purchased a new stake in shares of Clear Secure in the third quarter valued at $105,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Activity at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the transaction, the chief accounting officer now owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. This represents a 17.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 981,435 shares of company stock worth $31,457,077. Company insiders own 37.85% of the company’s stock.

Clear Secure Stock Performance

Shares of NYSE:YOU opened at $26.72 on Wednesday. The company has a market cap of $3.72 billion, a P/E ratio of 31.07 and a beta of 1.63. The stock’s 50-day moving average is $32.37 and its 200-day moving average is $25.57. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, equities analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analyst Weigh In

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

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.