Sanctuary Advisors LLC bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,105 shares of the company's stock, valued at approximately $965,000.
Several other large investors also recently modified their holdings of YOU. Hsbc Holdings PLC raised its stake in Clear Secure by 0.5% during the 2nd quarter. Hsbc Holdings PLC now owns 78,968 shares of the company's stock worth $1,467,000 after buying an additional 409 shares during the period. Truist Financial Corp increased its stake in Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company's stock valued at $544,000 after purchasing an additional 582 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Clear Secure by 6.1% during the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company's stock worth $222,000 after buying an additional 681 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Clear Secure in the third quarter valued at $26,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Clear Secure by 5.3% during the second quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company's stock valued at $374,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.
Several research firms have commented on YOU. Wedbush reissued a "neutral" rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group boosted their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.20.
View Our Latest Research Report on Clear Secure
Shares of Clear Secure stock opened at $26.66 on Monday. The stock has a market capitalization of $3.72 billion, a P/E ratio of 31.00 and a beta of 1.43. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The stock's 50-day simple moving average is $30.18 and its 200 day simple moving average is $26.76.
Clear Secure (NYSE:YOU - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million for the quarter, compared to analysts' expectations of $194.62 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company's revenue was up 23.7% on a year-over-year basis. Equities research analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This is a boost from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.88%. Clear Secure's dividend payout ratio is currently 58.14%.
In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm's stock in a transaction dated 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 SEC, which is accessible through this hyperlink. Insiders own 37.85% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Clear Secure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clear Secure wasn't on the list.
While Clear Secure currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.