Baird Financial Group Inc. Invests $8.75 Million in CLEAR Secure, Inc. $YOU

Baird Financial Group Inc. bought a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU) in the 2nd quarter, Holdings Channel.com reports. The firm bought 315,233 shares of the company’s stock, valued at approximately $8,751,000.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 748 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of CLEAR Secure in the 1st quarter worth approximately $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of CLEAR Secure in the 1st quarter worth approximately $41,000. Twin Tree Management LP acquired a new stake in CLEAR Secure during the first quarter valued at approximately $49,000. Finally, Fifth Third Bancorp lifted its stake in CLEAR Secure by 61.8% during the second quarter. Fifth Third Bancorp now owns 1,806 shares of the company’s stock valued at $50,000 after purchasing an additional 690 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

CLEAR Secure Trading Down 3.0%

Shares of CLEAR Secure stock opened at $32.49 on Tuesday. CLEAR Secure, Inc. has a 1 year low of $21.67 and a 1 year high of $39.00. The company has a market cap of $4.33 billion, a P/E ratio of 19.81 and a beta of 1.21. The stock has a 50-day moving average price of $33.12 and a 200 day moving average price of $31.67.

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

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. CLEAR Secure’s dividend payout ratio (DPR) is 30.49%.

Insider Activity at CLEAR Secure

In other news, Director Adam Wiener sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total value of $264,160.00. Following the transaction, the director directly owned 193,634 shares of the company’s stock, valued at approximately $6,393,794.68. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

YOU has been the topic of several recent research reports. Stifel Nicolaus set a $38.00 price target on shares of CLEAR Secure in a research report on Thursday, November 6th. Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. The Goldman Sachs Group increased their price target on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Telsey Advisory Group lifted their price target on CLEAR Secure from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings lowered shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 1st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CLEAR Secure presently has a consensus rating of “Hold” and a consensus price target of $39.33.

CLEAR Secure Company Profile

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.