NFJ Investment Group LLC Takes Position in CLEAR Secure, Inc. $YOU

NFJ Investment Group LLC acquired a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 71,916 shares of the company’s stock, valued at approximately $2,523,000.

Several other hedge funds have also recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its holdings in shares of CLEAR Secure by 6.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after acquiring an additional 323 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of CLEAR Secure by 13.4% during the fourth quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock valued at $134,000 after acquiring an additional 451 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of CLEAR Secure by 0.5% during the second quarter. California State Teachers Retirement System now owns 94,593 shares of the company’s stock valued at $2,626,000 after acquiring an additional 508 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of CLEAR Secure by 4.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,447 shares of the company’s stock valued at $402,000 after acquiring an additional 529 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Stock Performance

Shares of YOU stock opened at $50.19 on Monday. The firm has a market capitalization of $6.69 billion, a PE ratio of 40.47 and a beta of 1.08. CLEAR Secure, Inc. has a fifty-two week low of $24.06 and a fifty-two week high of $62.73. The stock’s 50-day simple moving average is $55.12 and its 200-day simple moving average is $44.42.

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

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is currently 48.39%.

Insiders Place Their Bets

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the sale, the executive vice president owned 29,519 shares in the company, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the completion of the sale, the president owned 22,994 shares in the company, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 23,962 shares of company stock worth $1,360,146. Corporate insiders own 39.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Needham & Company LLC increased their price objective on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a report on Thursday, May 7th. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Telsey Advisory Group increased their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CLEAR Secure currently has an average rating of “Moderate Buy” and an average target price of $60.00.

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.