Meritage Portfolio Management Buys 18,994 Shares of Clear Secure, Inc. (NYSE:YOU)

Meritage Portfolio Management raised its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 108.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 36,450 shares of the company's stock after purchasing an additional 18,994 shares during the period. Meritage Portfolio Management's holdings in Clear Secure were worth $1,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Montag A & Associates Inc. bought a new stake in shares of Clear Secure in the 1st quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Clear Secure during the 2nd quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure during 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. Finally, Plato Investment Management Ltd grew its position 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 valued at $96,000 after buying an additional 5,057 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

Insider Activity at Clear Secure

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business'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 transaction of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total transaction of $202,800.00. Following the sale, the insider now owns 26,727 shares in the company, valued at $722,698.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,164,435 shares of company stock valued at $36,610,377 over the last ninety days. Insiders own 37.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wedbush reaffirmed 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. Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.67.

Clear Secure Trading Up 0.3 %

Clear Secure stock traded up $0.08 during midday trading on Monday, reaching $27.85. 2,830,693 shares of the stock traded hands, compared to its average volume of 1,756,898. The firm has a fifty day moving average price of $33.03 and a two-hundred day moving average price of $24.94. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 32.38 and a beta of 1.63. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

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 analysts' consensus estimates of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a return on equity of 43.77% and a net margin of 10.93%. The company's revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. Analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, December 10th. Clear Secure's dividend payout ratio is currently 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.