Oppenheimer & Co. Inc. Purchases Shares of 28,599 Clear Secure, Inc. (NYSE:YOU)

Oppenheimer & Co. Inc. bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,599 shares of the company's stock, valued at approximately $948,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Clear Secure in the 3rd quarter valued at about $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Clear Secure in the third quarter valued at approximately $33,000. University of Texas Texas AM Investment Management Co. bought a new position in Clear Secure in the second quarter worth approximately $26,000. NBC Securities Inc. purchased a new position in Clear Secure during the 3rd quarter worth $105,000. Finally, Plato Investment Management Ltd raised its position in 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 purchasing an additional 5,057 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Performance

Shares of YOU traded up $0.42 during trading hours on Wednesday, hitting $26.78. 1,422,690 shares of the stock were exchanged, compared to its average volume of 1,784,405. The stock's 50-day moving average price is $32.61 and its two-hundred day moving average price is $25.33. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 31.14 and a beta of 1.63. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same quarter last year, the company earned $0.20 earnings per share. Clear Secure's quarterly revenue was up 23.7% on a year-over-year basis. On average, research analysts expect 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 given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. 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 1.87%. Clear Secure's dividend payout ratio is 46.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on YOU shares. Wedbush reiterated a "neutral" rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Telsey Advisory Group raised their price target on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price target on Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Finally, Stifel Nicolaus raised their target price on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. One research 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.com, the company has an average rating of "Hold" and a consensus target price of $32.67.

Insider Activity at Clear Secure

In other news, CFO Kenneth L. Cornick sold 79,935 shares of Clear Secure stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.04, for a total value of $2,401,247.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Z. Barkin sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the transaction, the director now owns 7,056 shares of the company's stock, valued at $202,083.84. This trade represents a 77.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,006,435 shares of company stock valued at $32,173,077. 37.85% of the stock is currently owned by insiders.

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.