HighTower Advisors LLC Buys 39,270 Shares of Clear Secure, Inc. (NYSE:YOU)

HighTower Advisors LLC increased its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 96.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,906 shares of the company's stock after purchasing an additional 39,270 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of Clear Secure worth $2,644,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Clear Secure during the second quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in shares of Clear Secure in the 3rd quarter valued at about $26,000. Future Financial Wealth Managment LLC bought a new stake in shares of Clear Secure during the 3rd quarter valued at about $33,000. KBC Group NV acquired a new stake in Clear Secure during the third quarter worth approximately $90,000. Finally, Plato Investment Management Ltd increased its holdings in Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after purchasing an additional 5,057 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Telsey Advisory Group increased their price target on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus increased their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research note on Friday, November 8th. Finally, Wedbush reissued a "neutral" rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. 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's stock. Based on data from MarketBeat.com, Clear Secure has an average rating of "Hold" and a consensus target price of $32.67.

Insider Buying and Selling

In other news, Director Alclear Investments Ii, Llc sold 122,579 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $31.04, for a total value of $3,804,852.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of the company's stock in a transaction that occurred 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 90 days, insiders sold 672,579 shares of company stock worth $21,947,852. 37.85% of the stock is owned by corporate insiders.

Clear Secure Stock Performance

Shares of Clear Secure stock traded down $0.61 during trading hours on Friday, reaching $26.37. The company's stock had a trading volume of 981,865 shares, compared to its average volume of 1,892,769. The company has a market capitalization of $3.68 billion, a P/E ratio of 30.66 and a beta of 1.43. The stock's fifty day simple moving average is $30.84 and its two-hundred day simple moving average is $26.44. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $198.40 million during 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%. Clear Secure's revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. As a group, research analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently announced 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 is a boost from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.90%. Clear Secure's payout ratio is presently 58.14%.

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.