13,874 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,874 shares of the company’s stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of YOU. University of Texas Texas AM Investment Management Co. bought a new position in Clear Secure during the second quarter worth $26,000. Capital Performance Advisors LLP acquired a new stake in Clear Secure during the third quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new stake in Clear Secure in the third quarter worth approximately $33,000. KBC Group NV acquired a new stake in Clear Secure in the third quarter worth $90,000. Finally, Plato Investment Management Ltd raised its stake in Clear Secure by 10,535.4% during the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after buying an additional 5,057 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on YOU shares. Stifel Nicolaus boosted their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Friday, November 8th. Telsey Advisory Group increased their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush reaffirmed 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. Finally, The Goldman Sachs Group increased their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Clear Secure has an average rating of “Hold” and an average target price of $32.67.

Clear Secure Trading Down 2.3 %

YOU stock opened at $26.11 on Thursday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The firm has a market capitalization of $3.64 billion, a P/E ratio of 30.36 and a beta of 1.63. The firm has a 50 day moving average of $32.26 and a 200-day moving average of $25.63.

Clear Secure (NYSE:YOU) last announced 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). The company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Sell-side analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is currently 46.51%.

Insider Activity at Clear Secure

In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $46,575.00. Following the sale, the chief accounting officer now owns 7,211 shares in the company, valued at approximately $223,901.55. This represents a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 901,500 shares of company stock worth $29,055,829 in the last ninety days. 37.85% of the stock is owned by company insiders.

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.