Pacer Advisors Inc. Lowers Stake in CLEAR Secure, Inc. $YOU

Pacer Advisors Inc. cut its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 44.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 381,120 shares of the company’s stock after selling 304,802 shares during the period. Pacer Advisors Inc. owned approximately 0.29% of CLEAR Secure worth $12,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of YOU. Durable Capital Partners LP boosted its position in CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. First Trust Advisors LP raised its stake in shares of CLEAR Secure by 36.3% during the 2nd quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after buying an additional 805,795 shares during the period. Copeland Capital Management LLC lifted its position in shares of CLEAR Secure by 25.2% during the 2nd quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock valued at $68,687,000 after buying an additional 497,871 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after buying an additional 430,035 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in CLEAR Secure by 10.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock valued at $41,074,000 after acquiring an additional 143,012 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on YOU shares. DA Davidson set a $46.00 price objective on shares of CLEAR Secure and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Stifel Nicolaus set a $38.00 target price on shares of CLEAR Secure in a research note on Thursday, November 6th. The Goldman Sachs Group raised their price target on shares of CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company lifted their price objective on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Finally, Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.86.

CLEAR Secure Trading Down 1.0%

Shares of NYSE YOU opened at $35.85 on Friday. The stock has a market cap of $4.77 billion, a PE ratio of 21.86 and a beta of 1.22. CLEAR Secure, Inc. has a 12-month low of $21.67 and a 12-month high of $42.29. The company has a 50-day moving average of $34.84 and a 200 day moving average of $32.82.

CLEAR Secure (NYSE:YOU) last issued 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. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The business had revenue of $229.19 million for the quarter, compared to analysts’ expectations of $224.80 million. During the same period in the previous year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

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

Insider Buying and Selling at CLEAR Secure

In other news, insider Lynn Haaland sold 15,532 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00. Following the transaction, the insider owned 15,533 shares of the company’s stock, valued at approximately $636,853. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Adam Wiener sold 8,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $40.00, for a total transaction of $320,000.00. Following the completion of the sale, the director directly owned 179,634 shares of the company’s stock, valued at $7,185,360. This represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,532 shares of company stock worth $1,437,212. Insiders own 39.73% of the company’s stock.

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.