Axxcess Wealth Management LLC Takes $1.41 Million Position in Clear Secure, Inc. (NYSE:YOU)

Axxcess Wealth Management LLC bought a new stake in 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 fund bought 42,389 shares of the company's stock, valued at approximately $1,405,000.

Several other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Clear Secure during the 2nd quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of Clear Secure during the 3rd quarter worth approximately $26,000. Future Financial Wealth Managment LLC acquired a new position in shares of Clear Secure during the 3rd quarter worth approximately $33,000. Plato Investment Management Ltd increased its holdings in shares of 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 acquiring an additional 5,057 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Clear Secure during the 3rd quarter worth approximately $105,000. Institutional investors own 73.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on YOU. The Goldman Sachs Group boosted their target price on Clear Secure from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, August 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 research note on Friday, November 1st. Stifel Nicolaus boosted their price target on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Wedbush restated a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.67.

Clear Secure Stock Down 1.2 %

NYSE:YOU traded down $0.33 on Tuesday, hitting $27.52. The stock had a trading volume of 2,493,102 shares, compared to its average volume of 1,760,257. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The business's fifty day moving average is $33.03 and its 200 day moving average is $24.94. The company has a market cap of $3.83 billion, a PE ratio of 32.38 and a beta of 1.63.

Clear Secure (NYSE:YOU - Get Free Report) 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). Clear Secure had a net margin of 10.93% and a return on equity of 43.77%. The company had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. During the same quarter in the prior year, the business earned $0.20 EPS. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. Clear Secure's dividend payout ratio (DPR) is presently 58.14%.

Insider Activity at Clear Secure

In related news, Director Alclear Investments Ii, Llc sold 227,021 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm's stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,164,435 shares of company stock valued at $36,610,377. 37.85% of the stock is owned by 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.