BayBridge Capital Group LLC Invests $647,000 in Clear Secure, Inc. (NYSE:YOU)

BayBridge Capital Group LLC acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,534 shares of the company's stock, valued at approximately $647,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Montag A & Associates Inc. bought a new position in Clear Secure during the first quarter valued at $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Clear Secure during the second quarter worth $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Clear Secure during the third quarter worth $33,000. Plato Investment Management Ltd lifted its position in shares of Clear Secure by 10,535.4% during the second 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 in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Clear Secure during the third quarter worth $105,000. 73.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on YOU shares. The Goldman Sachs Group increased their target price on Clear Secure from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Needham & Company LLC increased their target price on Clear Secure from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $34.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Clear Secure has an average rating of "Hold" and a consensus price target of $30.20.

Clear Secure Stock Down 1.5 %

NYSE:YOU traded down $0.54 during trading hours on Friday, hitting $35.48. 1,511,377 shares of the company's stock traded hands, compared to its average volume of 1,683,769. The firm has a market cap of $5.14 billion, a P/E ratio of 63.36 and a beta of 1.65. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $37.90. The business's fifty day simple moving average is $31.83 and its two-hundred day simple moving average is $23.68.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The firm's quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. On average, analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, September 10th. Clear Secure's dividend payout ratio (DPR) is currently 71.43%.

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the sale, the chief accounting officer now owns 10,211 shares of the company's stock, valued at $255,581.33. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Insiders sold a total of 1,173,935 shares of company stock valued at $36,826,532 over the last 90 days. Insiders own 37.85% of the company's stock.

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.