Federated Hermes Inc. Lowers Stock Position in CLEAR Secure, Inc. $YOU

Federated Hermes Inc. lessened its stake in CLEAR Secure, Inc. (NYSE:YOU) by 44.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 169,596 shares of the company’s stock after selling 137,328 shares during the quarter. Federated Hermes Inc.’s holdings in CLEAR Secure were worth $5,661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of CLEAR Secure by 329.5% during the 1st 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 last quarter. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure during the first quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in CLEAR Secure during the third quarter worth about $50,000. Strs Ohio purchased a new position in shares of CLEAR Secure in the 3rd quarter worth about $53,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock worth $50,000 after purchasing an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Up 0.3%

Shares of CLEAR Secure stock opened at $32.72 on Tuesday. The company’s fifty day simple moving average is $35.40 and its two-hundred day simple moving average is $34.22. CLEAR Secure, Inc. has a 12-month low of $21.67 and a 12-month high of $42.29. The firm has a market cap of $4.36 billion, a PE ratio of 19.95 and a beta of 1.22.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The company had revenue of $229.19 million during the quarter, compared to analyst estimates of $224.80 million. During the same period in the prior year, the business posted $0.30 earnings per share. CLEAR Secure’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio is currently 30.49%.

Insiders Place Their Bets

In other news, insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00. Following the sale, the insider owned 15,533 shares of the company’s stock, valued at approximately $636,853. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Adam Wiener sold 14,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the transaction, the director owned 165,634 shares in the company, valued at $5,797,190. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 43,532 shares of company stock valued at $1,663,052 in the last ninety days. 39.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $42.00 in a research note on Friday, December 12th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus set a $38.00 price target on shares of CLEAR Secure in a research note on Thursday, November 6th. Finally, Wells Fargo & Company lifted their price objective on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CLEAR Secure has an average rating of “Moderate Buy” and a consensus target price of $40.86.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.