Transcend Capital Advisors LLC Purchases New Position in CLEAR Secure, Inc. (NYSE:YOU)

Transcend Capital Advisors LLC acquired a new position in CLEAR Secure, Inc. (NYSE:YOU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,527 shares of the company’s stock, valued at approximately $1,413,000.

Other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new stake in CLEAR Secure during the 1st quarter valued at $27,000. Fifth Third Bancorp increased its stake in shares of CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $29,000 after buying an additional 764 shares during the period. Huntington National Bank bought a new stake in shares of CLEAR Secure in the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. raised its holdings in shares of CLEAR Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after acquiring an additional 766 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its stake in CLEAR Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock worth $61,000 after acquiring an additional 2,276 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Price Performance

Shares of NYSE YOU opened at $27.61 on Friday. CLEAR Secure, Inc. has a 1-year low of $18.23 and a 1-year high of $38.88. The business has a fifty day moving average price of $25.25 and a 200 day moving average price of $25.33. The stock has a market capitalization of $3.67 billion, a P/E ratio of 17.26 and a beta of 1.22.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.81%. CLEAR Secure’s payout ratio is 31.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of CLEAR Secure in a research report on Monday, March 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $32.00 price objective on shares of CLEAR Secure in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Insider Buying and Selling at CLEAR Secure

In related news, Director Kenneth L. Cornick sold 315,591 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director now directly owns 64,935 shares in the company, valued at $1,624,673.70. The trade was a 82.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 957,964 shares of company stock worth $24,155,799 over the last three months. Corporate insiders own 39.73% 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.