First Trust Advisors LP lowered its position in CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 4.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,857,379 shares of the company’s stock after selling 124,985 shares during the period. First Trust Advisors LP’s holdings in CLEAR Secure were worth $138,326,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of CLEAR Secure by 59.7% in the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after purchasing an additional 101,476 shares in the last quarter. Amundi lifted its position in CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in CLEAR Secure during the first quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CLEAR Secure by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after buying an additional 2,801 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in CLEAR Secure by 64.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after buying an additional 1,801 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.
Wall Street Analysts Forecast Growth
YOU has been the topic of several analyst reports. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a report on Monday. Wells Fargo & Company upped their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, Telsey Advisory Group lifted their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.29.
Insider Buying and Selling
In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the sale, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. This represents a 21.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,962 shares of company stock valued at $1,360,146 in the last ninety days. Company insiders own 29.70% of the company’s stock.
CLEAR Secure Price Performance
NYSE YOU opened at $51.85 on Friday. The company has a market cap of $6.91 billion, a P/E ratio of 41.82 and a beta of 1.08. The stock has a 50-day moving average of $55.23 and a two-hundred day moving average of $48.13. CLEAR Secure, Inc. has a 1-year low of $28.39 and a 1-year high of $62.73.
CLEAR Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, analysts anticipate that CLEAR Secure, Inc. will post 1.79 EPS for the current fiscal year.
CLEAR Secure Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is presently 48.39%.
CLEAR Secure Company Profile
CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.
Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.
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