Jupiter Asset Management Ltd. Boosts Holdings in CLEAR Secure, Inc. $YOU

Jupiter Asset Management Ltd. grew its stake in CLEAR Secure, Inc. (NYSE:YOU) by 260.8% during the 4th quarter, Holdings Channel reports. The firm owned 879,039 shares of the company’s stock after purchasing an additional 635,400 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in CLEAR Secure were worth $30,837,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC increased its stake in CLEAR Secure by 15.2% during the 4th quarter. Intech Investment Management LLC now owns 37,508 shares of the company’s stock worth $1,316,000 after buying an additional 4,956 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CLEAR Secure by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company’s stock valued at $86,069,000 after acquiring an additional 20,419 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of CLEAR Secure in the fourth quarter worth approximately $403,000. Lisanti Capital Growth LLC acquired a new stake in shares of CLEAR Secure in the fourth quarter worth approximately $1,927,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of CLEAR Secure by 16.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,463 shares of the company’s stock worth $227,000 after purchasing an additional 916 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on YOU shares. The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 price objective on shares of CLEAR Secure in a research note on Thursday, May 7th. Telsey Advisory Group upped their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Finally, Needham & Company LLC boosted their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. 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. Based on data from MarketBeat.com, CLEAR Secure has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Dennis W. Liu sold 7,950 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $48.57, for a total transaction of $386,131.50. Following the transaction, the chief accounting officer directly owned 10,960 shares of the company’s stock, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,311 shares of company stock valued at $2,274,919 in the last quarter. Corporate insiders own 39.73% of the company’s stock.

CLEAR Secure Price Performance

Shares of NYSE YOU opened at $56.70 on Friday. The company has a market capitalization of $7.56 billion, a P/E ratio of 45.73 and a beta of 1.09. The company has a 50 day simple moving average of $54.29 and a 200-day simple moving average of $43.02. CLEAR Secure, Inc. has a 1 year low of $24.06 and a 1 year high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The company 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 firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, research analysts expect that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 48.39%.

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.