CLEAR Secure, Inc. $YOU Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 16.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,684 shares of the company’s stock after acquiring an additional 50,607 shares during the quarter. Cerity Partners LLC owned approximately 0.27% of CLEAR Secure worth $9,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 748 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure during the first quarter worth $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of CLEAR Secure in the first quarter valued at about $41,000. Twin Tree Management LP acquired a new stake in shares of CLEAR Secure in the first quarter valued at about $49,000. Finally, Fifth Third Bancorp lifted its stake in shares of CLEAR Secure by 61.8% in the second quarter. Fifth Third Bancorp now owns 1,806 shares of the company’s stock worth $50,000 after buying an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the subject of several research reports. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CLEAR Secure in a report on Monday. Telsey Advisory Group boosted their price objective on CLEAR Secure from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. DA Davidson started coverage on CLEAR Secure in a research note on Tuesday, September 16th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Four equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.33.

CLEAR Secure Trading Up 1.6%

Shares of YOU opened at $35.82 on Thursday. The company’s 50-day moving average price is $33.24 and its 200 day moving average price is $31.78. CLEAR Secure, Inc. has a 12-month low of $21.67 and a 12-month high of $39.00. The firm has a market cap of $4.77 billion, a P/E ratio of 21.84 and a beta of 1.22.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $229.19 million during 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%. CLEAR Secure’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be paid a $0.125 dividend. 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 1.4%. CLEAR Secure’s payout ratio is presently 30.49%.

Insider Activity

In related news, Director Adam Wiener sold 6,000 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $36.04, for a total value of $216,240.00. Following the sale, the director owned 187,634 shares in the company, valued at approximately $6,762,329.36. The trade was a 3.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 39.73% of the company’s stock.

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.