Essex Savings Bank Lowers Stake in CLEAR Secure, Inc. $YOU

Essex Savings Bank lowered its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,475 shares of the company’s stock after selling 426 shares during the period. Essex Savings Bank’s holdings in CLEAR Secure were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in CLEAR Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock worth $88,512,000 after buying an additional 1,422,999 shares during the period. Durable Capital Partners LP purchased a new stake in CLEAR Secure during the first quarter worth $76,673,000. Copeland Capital Management LLC lifted its holdings in CLEAR Secure by 71.4% during the first quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company’s stock worth $51,210,000 after buying an additional 823,166 shares during the period. Goldman Sachs Group Inc. lifted its holdings in CLEAR Secure by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after buying an additional 430,035 shares during the period. Finally, Nuveen LLC purchased a new stake in CLEAR Secure during the first quarter worth $30,862,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on YOU shares. Telsey Advisory Group upped their price target on CLEAR Secure from $32.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. DA Davidson started coverage on CLEAR Secure in a research report on Tuesday, September 16th. They set a “buy” rating and a $45.00 price target on the stock. Wells Fargo & Company upped their price target on CLEAR Secure from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.71.

Insider Transactions at CLEAR Secure

In other news, Director Adam Wiener sold 6,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the sale, the director directly owned 201,634 shares of the company’s stock, valued at $7,057,190. This represents a 2.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Z. Barkin sold 16,050 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $35.22, for a total transaction of $565,281.00. Following the sale, the president directly owned 12,725 shares in the company, valued at approximately $448,174.50. The trade was a 55.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,027 shares of company stock valued at $2,043,243 in the last ninety days. 39.73% of the stock is currently owned by corporate insiders.

CLEAR Secure Stock Up 2.2%

YOU stock opened at $37.90 on Friday. The company’s 50-day simple moving average is $33.49 and its 200-day simple moving average is $28.52. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $38.88. The firm has a market cap of $5.04 billion, a P/E ratio of 23.69 and a beta of 1.27.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The business had revenue of $219.47 million for the quarter, compared to analyst estimates of $214.90 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. CLEAR Secure has set its Q3 2025 guidance at EPS. On average, 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 Wednesday, September 17th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 10th. CLEAR Secure’s dividend payout ratio is presently 31.25%.

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.