CLEAR Secure, Inc. $YOU Position Raised by Assetmark Inc.

Assetmark Inc. raised its stake in CLEAR Secure, Inc. (NYSE:YOU) by 4,215.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,141 shares of the company’s stock after buying an additional 9,906 shares during the quarter. Assetmark Inc.’s holdings in CLEAR Secure were worth $491,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. One Capital Management LLC acquired a new stake in shares of CLEAR Secure in the fourth quarter valued at approximately $1,270,000. Hussman Strategic Advisors Inc. boosted its position in shares of CLEAR Secure by 50.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $2,210,000 after buying an additional 21,000 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of CLEAR Secure by 260.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock worth $30,837,000 after buying an additional 635,400 shares during the period. BNP Paribas Financial Markets grew its holdings in CLEAR Secure by 9.2% in the 4th quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock worth $20,440,000 after buying an additional 49,211 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in CLEAR Secure by 36.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 129,032 shares of the company’s stock valued at $4,526,000 after acquiring an additional 34,308 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on YOU. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a research note on Monday, July 20th. Needham & Company LLC raised their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.29.

Insiders Place Their Bets

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the sale, the president directly owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This represents a 33.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 23,962 shares of company stock worth $1,360,146. Company insiders own 29.70% of the company’s stock.

CLEAR Secure Stock Performance

Shares of NYSE:YOU opened at $52.03 on Monday. The company has a market capitalization of $6.94 billion, a PE ratio of 41.96 and a beta of 1.08. The stock has a fifty day moving average of $55.09 and a 200-day moving average of $48.25. CLEAR Secure, Inc. has a one year low of $28.39 and a one year high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. As a group, research analysts forecast that CLEAR Secure, Inc. will post 1.61 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. CLEAR Secure’s dividend payout ratio (DPR) is currently 48.39%.

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.