FORA Capital LLC Purchases Shares of 63,245 Clear Secure, Inc. (NYSE:YOU)

FORA Capital LLC purchased a new stake in Clear Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 63,245 shares of the company’s stock, valued at approximately $2,096,000.

Other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Clear Secure during the 2nd quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in Clear Secure during the third quarter valued at about $26,000. Future Financial Wealth Managment LLC acquired a new position in Clear Secure in the 3rd quarter valued at approximately $33,000. KBC Group NV bought a new stake in shares of Clear Secure in the 3rd quarter worth approximately $90,000. Finally, Plato Investment Management Ltd grew its holdings in shares of Clear Secure by 10,535.4% during the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after purchasing an additional 5,057 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on YOU shares. Stifel Nicolaus raised their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Telsey Advisory Group lifted their target price on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wedbush reissued a “neutral” rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.

Clear Secure Trading Down 2.3 %

Shares of Clear Secure stock opened at $26.11 on Thursday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 30.36 and a beta of 1.63. The firm’s 50-day moving average price is $32.26 and its two-hundred day moving average price is $25.63. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. As a group, equities research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is presently 46.51%.

Insider Activity

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the sale, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. This trade represents a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 901,500 shares of company stock valued at $29,055,829. Company insiders own 37.85% of the company’s stock.

Clear Secure Company Profile

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.