8,421 Shares in CLEAR Secure, Inc. $YOU Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd acquired a new position in CLEAR Secure, Inc. (NYSE:YOU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,421 shares of the company’s stock, valued at approximately $295,000.

A number of other hedge funds also recently added to or reduced their stakes in YOU. Geneos Wealth Management Inc. raised its holdings in CLEAR Secure by 329.5% in 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 position in CLEAR Secure in the 1st quarter worth approximately $28,000. Strs Ohio purchased a new position in CLEAR Secure in the 3rd quarter worth approximately $53,000. Holos Integrated Wealth LLC purchased a new position in CLEAR Secure in the 4th quarter worth approximately $53,000. Finally, Amundi raised its holdings in CLEAR Secure by 62.5% in the 1st quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after acquiring an additional 1,440 shares during the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Trading Up 0.9%

Shares of YOU opened at $59.41 on Tuesday. The firm has a market cap of $7.92 billion, a PE ratio of 47.91 and a beta of 1.09. The firm has a fifty day simple moving average of $52.05 and a two-hundred day simple moving average of $41.44. CLEAR Secure, Inc. has a 1-year low of $23.88 and a 1-year high of $61.68.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. As a group, research analysts forecast that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. CLEAR Secure’s payout ratio is currently 48.39%.

Wall Street Analyst Weigh In

YOU has been the subject of a number of recent analyst reports. DA Davidson restated a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Needham & Company LLC boosted their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CLEAR Secure has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Transactions at CLEAR Secure

In other news, insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lynn Haaland sold 11,064 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total value of $524,876.16. Following the completion of the sale, the insider owned 7,375 shares of the company’s stock, valued at $349,870. This trade represents a 60.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,900 shares of company stock worth $4,839,474 over the last three months. 39.73% of the stock is currently owned by insiders.

CLEAR Secure Profile

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.