Blueshift Asset Management LLC Buys 5,808 Shares of Clear Secure, Inc. (NYSE:YOU)

Blueshift Asset Management LLC lifted its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 19.2% in the third quarter, Holdings Channel.com reports. The fund owned 36,062 shares of the company’s stock after acquiring an additional 5,808 shares during the quarter. Blueshift Asset Management LLC’s holdings in Clear Secure were worth $1,195,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Clear Secure during the second quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in Clear Secure in the 3rd quarter valued at $26,000. Future Financial Wealth Managment LLC acquired a new position in Clear Secure during the third quarter worth $33,000. KBC Group NV bought a new position in shares of Clear Secure in the third quarter valued at $90,000. Finally, Plato Investment Management Ltd grew its holdings in shares of Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after buying an additional 5,057 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth L. Cornick sold 79,935 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.04, for a total value of $2,401,247.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 981,435 shares of company stock valued at $31,457,077. 37.85% of the stock is currently owned by corporate insiders.

Clear Secure Stock Performance

Shares of YOU stock opened at $26.72 on Wednesday. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The firm’s 50-day simple moving average is $32.37 and its two-hundred day simple moving average is $25.57. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 31.07 and a beta of 1.63.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. Analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.87%. Clear Secure’s payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

YOU has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Stifel Nicolaus lifted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Friday, November 8th. Wedbush restated a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Telsey Advisory Group increased their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.67.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.