Blue Trust Inc. trimmed its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 29.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,273 shares of the company’s stock after selling 969 shares during the quarter. Blue Trust Inc.’s holdings in CLEAR Secure were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. Fifth Third Bancorp grew its holdings in shares of CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $29,000 after purchasing an additional 764 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of CLEAR Secure by 72.0% in the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company’s stock valued at $38,000 after purchasing an additional 617 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of CLEAR Secure in the first quarter valued at about $41,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at CLEAR Secure
In related news, President Michael Z. Barkin sold 20,000 shares of CLEAR Secure stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $32.81, for a total value of $656,200.00. Following the transaction, the president directly owned 12,725 shares in the company, valued at $417,507.25. This trade represents a 61.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Dennis W. Liu sold 5,000 shares of CLEAR Secure stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $33.60, for a total transaction of $168,000.00. Following the completion of the transaction, the chief accounting officer owned 13,923 shares in the company, valued at approximately $467,812.80. This trade represents a 26.42% 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 worth $2,074,903 in the last three months. Insiders own 39.73% of the company’s stock.
CLEAR Secure Trading Up 1.1%
CLEAR Secure (NYSE:YOU – Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $219.47 million for the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. CLEAR Secure has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.
CLEAR Secure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is 31.25%.
Analysts Set New Price Targets
YOU has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CLEAR Secure in a research note on Wednesday, October 8th. DA Davidson started coverage on shares of CLEAR Secure in a research report on Tuesday, September 16th. They set a “buy” rating and a $45.00 price target on the stock. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. The Goldman Sachs Group raised their target price on shares of CLEAR Secure from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Stifel Nicolaus raised their target price on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.71.
Check Out Our Latest Stock Analysis on YOU
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.
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