Dennis W. Liu Sells 1,500 Shares of Clear Secure, Inc. (NYSE:YOU) Stock

Clear Secure, Inc. (NYSE:YOU) CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $46,575.00. Following the transaction, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Clear Secure Stock Performance

NYSE:YOU opened at $29.48 on Friday. The stock has a 50-day simple moving average of $24.72 and a 200 day simple moving average of $20.70. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $31.33. The company has a market cap of $4.11 billion, a PE ratio of 52.64 and a beta of 1.65.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. On average, research analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.36%. Clear Secure’s payout ratio is currently 71.43%.

Hedge Funds Weigh In On Clear Secure

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Clear Secure by 56.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock worth $211,000 after acquiring an additional 3,683 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Clear Secure during the 4th quarter worth approximately $255,000. National Bank of Canada FI raised its stake in shares of Clear Secure by 119,250.0% during the 4th quarter. National Bank of Canada FI now owns 95,480 shares of the company’s stock worth $1,952,000 after purchasing an additional 95,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Clear Secure by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,967 shares of the company’s stock valued at $13,525,000 after buying an additional 12,469 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Clear Secure in the 4th quarter valued at approximately $212,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.20.

About Clear Secure

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.