Elevation Point Wealth Partners LLC Acquires 51,108 Shares of CLEAR Secure, Inc. $YOU

Elevation Point Wealth Partners LLC boosted its stake in CLEAR Secure, Inc. (NYSE:YOU) by 5,847.6% in the third quarter, HoldingsChannel.com reports. The firm owned 51,982 shares of the company’s stock after buying an additional 51,108 shares during the period. Elevation Point Wealth Partners LLC’s holdings in CLEAR Secure were worth $1,735,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after buying an additional 748 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of CLEAR Secure in the third quarter valued at about $50,000. Strs Ohio bought a new position in shares of CLEAR Secure during the third quarter worth about $53,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of CLEAR Secure during the third quarter worth about $80,000. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $44.64 on Monday. The stock’s 50-day moving average is $37.22 and its 200 day moving average is $35.62. CLEAR Secure, Inc. has a one year low of $23.00 and a one year high of $50.46. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 39.85 and a beta of 1.12.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The business had revenue of $240.75 million during the quarter, compared to the consensus estimate of $235.66 million. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, sell-side analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 131.0%. CLEAR Secure’s payout ratio is currently 53.57%.

Wall Street Analyst Weigh In

Several analysts recently commented on YOU shares. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings lowered shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. DA Davidson boosted their price target on shares of CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Telsey Advisory Group upped their price objective on shares of CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Finally, Needham & Company LLC increased their price objective on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.57.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total value of $386,131.50. Following the completion of the sale, the chief accounting officer directly owned 10,960 shares in the company, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction on Sunday, March 1st. The shares were sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the completion of the sale, the president directly owned 5,669 shares of the company’s stock, valued at approximately $273,359.18. This trade represents a 80.15% 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 have sold 111,488 shares of company stock worth $5,069,078. 39.73% of the stock is owned by insiders.

CLEAR Secure 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.