20,767 Shares in Clear Secure, Inc. (NYSE:YOU) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,767 shares of the company's stock, valued at approximately $688,000.

A number of other large investors also recently modified their holdings of YOU. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure during the 3rd quarter worth about $26,000. Future Financial Wealth Managment LLC purchased a new position in Clear Secure in the third quarter valued at approximately $33,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Clear Secure during the second quarter worth approximately $26,000. KBC Group NV acquired a new stake in Clear Secure during the third quarter worth approximately $90,000. Finally, NBC Securities Inc. purchased a new stake in shares of Clear Secure during the 3rd quarter worth approximately $105,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Clear Secure Stock Performance

Clear Secure stock traded down $0.23 during mid-day trading on Friday, reaching $25.88. 851,211 shares of the company were exchanged, compared to its average volume of 2,815,633. The firm's 50-day simple moving average is $31.85 and its two-hundred day simple moving average is $25.70. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The firm has a market cap of $3.61 billion, a PE ratio of 30.08 and a beta of 1.63.

Clear Secure (NYSE:YOU - Get Free Report) last issued 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 company had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. Clear Secure's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. As a group, equities research analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The company also recently declared 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. This is a boost from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, December 10th. Clear Secure's dividend payout ratio is currently 46.51%.

Insider Activity at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 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 $46,575.00. Following the completion of the sale, the chief accounting officer now owns 7,211 shares of the company's stock, valued at approximately $223,901.55. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the company's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The disclosure for this sale can be found here. Insiders sold a total of 901,500 shares of company stock worth $29,055,829 over the last 90 days. Company insiders own 37.85% of the company's stock.

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.