Charles Schwab Investment Management Inc. Buys 55,136 Shares of Clear Secure, Inc. (NYSE:YOU)

Charles Schwab Investment Management Inc. boosted its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 872,154 shares of the company’s stock after buying an additional 55,136 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Clear Secure worth $28,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Clear Secure in the 2nd quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure in the 3rd quarter worth $26,000. Future Financial Wealth Managment LLC bought a new stake in shares of Clear Secure in the 3rd quarter worth $33,000. KBC Group NV purchased a new stake in Clear Secure during the third quarter valued at $90,000. Finally, Plato Investment Management Ltd increased its position in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Clear Secure Stock Performance

NYSE YOU opened at $27.36 on Thursday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm has a market capitalization of $3.81 billion, a P/E ratio of 31.88 and a beta of 1.43. The stock has a 50-day simple moving average of $31.57 and a two-hundred day simple moving average of $25.93.

Clear Secure (NYSE:YOU) last posted its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. During the same quarter last year, the business earned $0.20 earnings per share. Clear Secure’s revenue was up 23.7% on a year-over-year basis. As a group, analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.83%. 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 payout ratio is presently 46.51%.

Insider Buying and Selling

In other news, CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 901,500 shares of company stock worth $29,055,829. Insiders own 37.85% of the company’s stock.

Clear Secure Company 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.