Vest Financial LLC Raises Stock Position in CLEAR Secure, Inc. $YOU

Vest Financial LLC grew its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 17.7% in the third quarter, Holdings Channel.com reports. The fund owned 196,667 shares of the company’s stock after purchasing an additional 29,527 shares during the period. Vest Financial LLC’s holdings in CLEAR Secure were worth $6,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Durable Capital Partners LP increased its stake in CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after buying an additional 909,152 shares in the last quarter. First Trust Advisors LP raised its stake in shares of CLEAR Secure by 36.3% during the 2nd quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after buying an additional 805,795 shares during the last quarter. Empowered Funds LLC acquired a new stake in CLEAR Secure in the 2nd quarter valued at about $17,363,000. Finally, Jupiter Asset Management Ltd. purchased a new position in CLEAR Secure during the 2nd quarter valued at about $15,090,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Trading Down 0.3%

NYSE YOU opened at $34.51 on Thursday. The company has a market capitalization of $4.60 billion, a PE ratio of 21.05 and a beta of 1.22. The business’s 50-day moving average price is $35.65 and its 200 day moving average price is $33.91. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $42.29.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $229.19 million during the quarter, compared to analyst estimates of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. CLEAR Secure’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Equities analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.4%. CLEAR Secure’s dividend payout ratio is currently 30.49%.

Insider Transactions at CLEAR Secure

In related news, insider Lynn Haaland sold 15,532 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the transaction, the insider owned 15,533 shares in the company, valued at approximately $636,853. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Adam Wiener sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the sale, the director owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 43,532 shares of company stock worth $1,663,052. Company insiders own 39.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on YOU shares. JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.00 to $42.00 in a research report on Friday, December 12th. Telsey Advisory Group reissued an “outperform” rating and set a $45.00 price target on shares of CLEAR Secure in a research report on Wednesday, December 17th. Wells Fargo & Company upped their price objective on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CLEAR Secure currently has an average rating of “Moderate Buy” and an average price target of $40.86.

About CLEAR Secure

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.