195,700 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 195,700 shares of the company's stock, valued at approximately $6,485,000. Public Sector Pension Investment Board owned about 0.14% of Clear Secure as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Clear Secure during the 3rd quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new position in Clear Secure during the third quarter worth $33,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Clear Secure in the second quarter valued at $26,000. KBC Group NV acquired a new position in shares of Clear Secure in the third quarter valued at $90,000. Finally, NBC Securities Inc. bought a new position in shares of Clear Secure in the third quarter valued at about $105,000. Institutional investors own 73.80% of the company's stock.

Clear Secure Price Performance

NYSE:YOU traded down $0.23 during trading hours on Friday, reaching $25.88. 851,211 shares of the company were exchanged, compared to its average volume of 2,815,633. The business has a 50 day moving average of $31.85 and a 200 day moving average of $25.75. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a market capitalization of $3.61 billion, a P/E ratio of 30.09 and a beta of 1.63.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The firm had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company's quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. As a group, equities research analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. 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. This represents a $0.50 annualized dividend and a yield of 1.93%. Clear Secure's dividend payout ratio is presently 46.51%.

Insider Buying and Selling at Clear Secure

In related news, CFO Kenneth L. Cornick sold 250,000 shares of the company'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 Securities & Exchange Commission, which is available through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the sale, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. This represents a 17.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 901,500 shares of company stock valued at $29,055,829. 37.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on YOU. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research note on Friday, November 8th. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Stifel Nicolaus lifted their price target on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Wedbush reaffirmed a "neutral" rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Telsey Advisory Group increased their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $32.67.

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.