Janney Montgomery Scott LLC Increases Stock Position in Clear Secure, Inc. (NYSE:YOU)

Janney Montgomery Scott LLC boosted its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,214,456 shares of the company's stock after buying an additional 73,303 shares during the quarter. Janney Montgomery Scott LLC owned 0.87% of Clear Secure worth $40,247,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of YOU. Montag A & Associates Inc. purchased a new position in shares of Clear Secure in the first quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Clear Secure in the second quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new position in shares of Clear Secure in the third quarter valued at approximately $33,000. Plato Investment Management Ltd boosted its stake in shares of Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock valued at $96,000 after purchasing an additional 5,057 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Clear Secure in the third quarter valued at approximately $105,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Trading Down 5.6 %

NYSE:YOU traded down $2.07 during mid-day trading on Monday, hitting $34.77. The stock had a trading volume of 2,902,422 shares, compared to its average volume of 1,691,733. The stock has a 50-day simple moving average of $32.71 and a two-hundred day simple moving average of $24.33. The company has a market capitalization of $4.84 billion, a PE ratio of 45.56 and a beta of 1.63. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.04.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data 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. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million for the quarter, compared to analysts' expectations of $183.78 million. During the same quarter last year, the company earned $0.05 earnings per share. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. Sell-side analysts predict that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.44%. This is a boost from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio (DPR) is presently 64.10%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on YOU. Stifel Nicolaus raised their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, October 28th. The Goldman Sachs Group raised their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Friday. Finally, Telsey Advisory Group raised their target price on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday. One equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.83.

Insiders Place Their Bets

In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the firm'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 transaction of $8,075,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the transaction, the insider now directly owns 34,227 shares in the company, valued at approximately $755,732.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth L. Cornick sold 250,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,173,935 shares of company stock valued at $36,826,532. 37.85% of the stock is owned by corporate insiders.

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.