28,074 Shares in Clear Secure, Inc. (NYSE:YOU) Purchased by Weiss Asset Management LP

Weiss Asset Management LP purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 28,074 shares of the company's stock, valued at approximately $930,000.

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

Analysts Set New Price Targets

YOU has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Telsey Advisory Group raised their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Friday, November 8th. Finally, Wedbush restated a "neutral" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $32.67.

Clear Secure Trading Up 1.5 %

YOU stock traded up $0.40 during midday trading on Monday, hitting $27.47. The stock had a trading volume of 2,376,225 shares, compared to its average volume of 1,797,198. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 31.48 and a beta of 1.44. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The stock has a 50-day simple moving average of $31.26 and a 200 day simple moving average of $26.14.

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 the consensus estimate of $0.33 by ($0.03). The firm had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. On average, equities analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is currently 46.51%.

Insider Activity

In other news, CFO Kenneth L. Cornick sold 250,000 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alclear Investments Ii, Llc sold 122,579 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $31.04, for a total transaction of $3,804,852.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 672,979 shares of company stock worth $21,960,252. Corporate insiders own 37.85% of the company's stock.

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.