CLEAR Secure, Inc. $YOU Shares Bought by Ashford Capital Management Inc.

Ashford Capital Management Inc. grew its stake in CLEAR Secure, Inc. (NYSE:YOU) by 97.5% in the first quarter, HoldingsChannel.com reports. The fund owned 533,268 shares of the company’s stock after acquiring an additional 263,218 shares during the period. CLEAR Secure makes up 3.2% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Ashford Capital Management Inc.’s holdings in CLEAR Secure were worth $25,816,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in CLEAR Secure by 2,283.3% during the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after acquiring an additional 685 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 619 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares during the period. Allworth Financial LP raised its holdings in CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure during the first quarter worth $28,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the sale, the executive vice president owned 29,519 shares in the company, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The disclosure for this sale is available in the SEC filing. Insiders sold 23,962 shares of company stock worth $1,360,146 in the last quarter. Corporate insiders own 29.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research note on Monday, July 20th. DA Davidson reiterated a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Telsey Advisory Group boosted their target price on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Five research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.29.

CLEAR Secure Stock Up 1.9%

NYSE YOU opened at $53.21 on Tuesday. The firm’s 50 day moving average is $54.97 and its 200-day moving average is $48.37. The company has a market capitalization of $7.09 billion, a PE ratio of 42.91 and a beta of 1.08. CLEAR Secure, Inc. has a 12-month low of $28.39 and a 12-month high of $62.73.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same quarter last year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 1.61 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is currently 48.39%.

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.