CLEAR Secure, Inc. $YOU Shares Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC grew its stake in CLEAR Secure, Inc. (NYSE:YOU) by 98.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,879 shares of the company’s stock after purchasing an additional 18,336 shares during the quarter. WCG Wealth Advisors LLC’s holdings in CLEAR Secure were worth $1,294,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of YOU. Geneos Wealth Management Inc. grew its position in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. Allworth Financial LP grew its position 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. Strs Ohio acquired a new stake in shares of CLEAR Secure in the third quarter valued at about $53,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of CLEAR Secure in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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. DA Davidson restated a “neutral” rating and set a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $75.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CLEAR Secure has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Activity

In other news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction that occurred on 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 filing with the SEC, which is available through the SEC website. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the sale, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 23,962 shares of company stock valued at $1,360,146. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Price Performance

Shares of YOU stock opened at $54.34 on Friday. The firm’s 50-day moving average is $54.84 and its two-hundred day moving average is $43.75. CLEAR Secure, Inc. has a 12 month low of $24.06 and a 12 month high of $62.73. The company has a market capitalization of $7.24 billion, a PE ratio of 43.82 and a beta of 1.08.

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

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. CLEAR Secure’s payout ratio is 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.