Nordea Investment Management AB grew its stake in shares of CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 358,788 shares of the company’s stock after acquiring an additional 3,139 shares during the period. Nordea Investment Management AB’s holdings in CLEAR Secure were worth $9,859,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Durable Capital Partners LP acquired a new stake in CLEAR Secure during the first quarter worth approximately $76,673,000. Copeland Capital Management LLC raised its position in shares of CLEAR Secure by 25.2% in the second quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock valued at $68,687,000 after buying an additional 497,871 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of CLEAR Secure by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after buying an additional 430,035 shares in the last quarter. Nuveen LLC acquired a new stake in shares of CLEAR Secure in the first quarter valued at approximately $30,862,000. Finally, Northern Trust Corp raised its position in shares of CLEAR Secure by 8.7% in the first quarter. Northern Trust Corp now owns 1,137,686 shares of the company’s stock valued at $29,477,000 after buying an additional 90,714 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, July 29th. Wells Fargo & Company lifted their price target on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Telsey Advisory Group lifted their price target on shares of CLEAR Secure from $32.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.71.
Insiders Place Their Bets
In other CLEAR Secure news, President Michael Z. Barkin sold 16,050 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $35.22, for a total transaction of $565,281.00. Following the sale, the president owned 12,725 shares of the company’s stock, valued at approximately $448,174.50. The trade was a 55.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Adam Wiener sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $33.02, for a total transaction of $264,160.00. Following the sale, the director directly owned 193,634 shares in the company, valued at approximately $6,393,794.68. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,027 shares of company stock valued at $2,074,903. 39.73% of the stock is currently owned by insiders.
CLEAR Secure Price Performance
Shares of NYSE:YOU opened at $31.28 on Monday. The company’s 50 day simple moving average is $34.55 and its 200 day simple moving average is $29.49. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 19.55 and a beta of 1.24. CLEAR Secure, Inc. has a 1 year low of $21.67 and a 1 year high of $39.00.
CLEAR Secure (NYSE:YOU – Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $219.47 million for the quarter, compared to analysts’ expectations of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The firm’s quarterly revenue 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, analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.
CLEAR Secure Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. CLEAR Secure’s payout ratio is presently 31.25%.
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.
Recommended Stories
- Five stocks we like better than CLEAR Secure
- 3 Dividend Kings To Consider
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- What is a penny stock? A comprehensive guide
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- Insider Trades May Not Tell You What You Think
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Want to see what other hedge funds are holding YOU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CLEAR Secure, Inc. (NYSE:YOU – Free Report).
Receive News & Ratings for CLEAR Secure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CLEAR Secure and related companies with MarketBeat.com's FREE daily email newsletter.