Ameritas Advisory Services LLC Makes New Investment in CLEAR Secure, Inc. $YOU

Ameritas Advisory Services LLC bought a new position in CLEAR Secure, Inc. (NYSE:YOU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,756 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after buying an additional 748 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure in the first quarter worth approximately $28,000. Strs Ohio purchased a new stake in CLEAR Secure in the third quarter worth approximately $53,000. Holos Integrated Wealth LLC purchased a new stake in CLEAR Secure in the fourth quarter worth approximately $53,000. Finally, Amundi boosted its stake in CLEAR Secure by 62.5% in the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Performance

NYSE: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. CLEAR Secure, Inc. has a fifty-two week low of $23.88 and a fifty-two week high of $61.68. The business has a 50 day moving average price of $52.05 and a 200-day moving average price of $41.44.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data 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 firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Research analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research note on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. DA Davidson reissued a “neutral” rating and set a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CLEAR Secure presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Insider Activity at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Dennis W. Liu sold 7,950 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total value of $386,131.50. Following the transaction, the chief accounting officer owned 10,960 shares of the company’s stock, valued at approximately $532,327.20. This represents a 42.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 101,900 shares of company stock valued at $4,839,474 over the last 90 days. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Company 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.