Stifel Financial Corp Buys 15,547 Shares of Clear Secure, Inc. (NYSE:YOU)

Stifel Financial Corp grew its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 90.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,765 shares of the company’s stock after buying an additional 15,547 shares during the quarter. Stifel Financial Corp’s holdings in Clear Secure were worth $1,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC boosted its stake in Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after acquiring an additional 1,547,692 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Clear Secure by 56.5% in the 2nd 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 last quarter. Rice Hall James & Associates LLC increased its stake in Clear Secure by 303.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after purchasing an additional 902,436 shares in the last quarter. Marshall Wace LLP raised its holdings in Clear Secure by 278.3% in the second quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock worth $20,563,000 after buying an additional 808,515 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in 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 purchasing an additional 757,528 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 37.85% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

YOU has been the subject of a number of research reports. Telsey Advisory Group upped their price objective on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, December 16th. Stifel Nicolaus lifted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Stock Performance

NYSE YOU opened at $26.86 on Tuesday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The company has a market cap of $3.74 billion, a P/E ratio of 31.23 and a beta of 1.43. The business’s 50 day moving average price is $30.18 and its 200-day moving average price is $26.83.

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). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same period last year, the business posted $0.20 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were issued a dividend of $0.125 per share. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.86%. Clear Secure’s payout ratio is 58.14%.

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.