Wealth Enhancement Advisory Services LLC Buys New Shares in Clear Secure, Inc. (NYSE:YOU)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,116 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Clear Secure by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after acquiring an additional 1,111,330 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Clear Secure by 56.5% in the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after purchasing an additional 1,066,400 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Clear Secure by 303.6% in the second quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock worth $22,445,000 after purchasing an additional 902,436 shares in the last quarter. Marshall Wace LLP raised its position in shares of Clear Secure by 278.3% during the 2nd quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock valued at $20,563,000 after purchasing an additional 808,515 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Clear Secure by 56.3% during the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after buying an additional 757,528 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Price Performance

NYSE YOU opened at $27.52 on Wednesday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The business has a 50 day simple moving average of $33.03 and a two-hundred day simple moving average of $24.94. The stock has a market capitalization of $3.83 billion, a PE ratio of 32.38 and a beta of 1.63.

Clear Secure (NYSE:YOU) last posted its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $198.40 million during the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 43.77%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. On average, analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.82%. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 10th. Clear Secure’s dividend payout ratio is currently 58.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on YOU. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Friday, November 8th. Telsey Advisory Group lifted their target price on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus upped their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.67.

Insider Activity at Clear Secure

In other Clear Secure news, Director Jeffery H. Boyd sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $28.14, for a total transaction of $4,221,000.00. Following the sale, the director now directly owns 27,431 shares of the company’s stock, valued at $771,908.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Clear Secure news, Director Jeffery H. Boyd sold 150,000 shares of Clear Secure stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $28.14, for a total transaction of $4,221,000.00. Following the completion of the transaction, the director now directly owns 27,431 shares of the company’s stock, valued at $771,908.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,156,435 shares of company stock valued at $36,394,077. Insiders own 37.85% of the company’s stock.

Clear Secure 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.