CLEAR Secure, Inc. $YOU Shares Purchased by Vest Financial LLC

Vest Financial LLC raised its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,667 shares of the company’s stock after buying an additional 29,527 shares during the period. Vest Financial LLC owned about 0.15% of CLEAR Secure worth $6,565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jump Financial LLC raised its stake in CLEAR Secure by 88.0% during the 2nd quarter. Jump Financial LLC now owns 248,584 shares of the company’s stock worth $6,901,000 after acquiring an additional 116,385 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of CLEAR Secure by 5.8% during the second quarter. KLP Kapitalforvaltning AS now owns 43,500 shares of the company’s stock worth $1,208,000 after purchasing an additional 2,400 shares during the last quarter. Aviva PLC acquired a new stake in shares of CLEAR Secure during the second quarter worth about $521,000. Hodges Capital Management Inc. increased its position in shares of CLEAR Secure by 16.1% during the second quarter. Hodges Capital Management Inc. now owns 191,550 shares of the company’s stock worth $5,317,000 after purchasing an additional 26,549 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of CLEAR Secure in the 2nd quarter valued at about $421,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. raised CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $42.00 in a research report on Friday, December 12th. Wells Fargo & Company raised their target price on shares of CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Wall Street Zen downgraded shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. The Goldman Sachs Group increased their price target on shares of CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.86.

Insider Buying and Selling

In other CLEAR Secure news, Director Adam Wiener sold 14,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total value of $490,000.00. Following the completion of the sale, the director owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the transaction, the insider directly 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 SEC filing for this sale provides additional information. 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.

CLEAR Secure Stock Performance

Shares of CLEAR Secure stock opened at $34.51 on Thursday. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $42.29. The company has a market cap of $4.60 billion, a P/E ratio of 21.05 and a beta of 1.22. The firm has a fifty day moving average of $35.65 and a two-hundred day moving average of $33.91.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $229.19 million for 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%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, equities analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 30.49%.

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.