Emerald Advisers LLC Sells 17,094 Shares of Clear Secure, Inc. (NYSE:YOU)

Emerald Advisers LLC lessened its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,257 shares of the company's stock after selling 17,094 shares during the quarter. Emerald Advisers LLC owned 0.21% of Clear Secure worth $9,685,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in YOU. Future Financial Wealth Managment LLC bought a new position in Clear Secure in the third quarter valued at approximately $33,000. Montag A & Associates Inc. bought a new position in shares of Clear Secure in the first quarter valued at $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the second quarter worth $26,000. NBC Securities Inc. bought a new stake in Clear Secure during the third quarter worth $105,000. Finally, Plato Investment Management Ltd raised its position in 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. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Price Performance

Clear Secure stock traded up $0.06 during trading hours on Friday, hitting $36.84. The company had a trading volume of 2,312,726 shares, compared to its average volume of 1,741,425. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.04. The firm has a market cap of $5.13 billion, a PE ratio of 47.23 and a beta of 1.63. The firm has a 50-day moving average of $32.71 and a 200 day moving average of $24.33.

Clear Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. The company had revenue of $186.75 million for 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. As a group, research analysts expect that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is presently 64.10%.

Analysts Set New Price Targets

Several research firms have recently weighed in on YOU. Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Friday. The Goldman Sachs Group boosted their price target on Clear Secure from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Telsey Advisory Group raised their price objective on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Stifel Nicolaus lifted their target price on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.83.

Insider Activity at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm'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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the sale, the insider now owns 34,227 shares of the company's stock, valued at $755,732.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction dated 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. Over the last three months, insiders have sold 1,173,935 shares of company stock worth $36,826,532. Corporate 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.