Emerald Advisers LLC Sells 17,094 Shares of Clear Secure, Inc. (NYSE:YOU)

Emerald Advisers LLC trimmed its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 5.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 292,257 shares of the company’s stock after selling 17,094 shares during the period. Emerald Advisers LLC owned approximately 0.21% of Clear Secure worth $9,685,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YOU. Allspring Global Investments Holdings LLC lifted its holdings in shares of Clear Secure by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock worth $411,000 after acquiring an additional 1,631 shares during the period. Principal Financial Group Inc. bought a new position in shares of Clear Secure during the 1st quarter worth about $238,000. Janney Montgomery Scott LLC lifted its holdings in shares of Clear Secure by 184.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after acquiring an additional 695,418 shares during the period. Nordea Investment Management AB lifted its holdings in Clear Secure by 425.7% during the 1st quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock valued at $5,129,000 after purchasing an additional 193,889 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Clear Secure by 302.8% during the 1st quarter. Quantbot Technologies LP now owns 33,159 shares of the company’s stock valued at $705,000 after purchasing an additional 24,926 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

YOU has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Friday. Stifel Nicolaus lifted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Telsey Advisory Group lifted their price target on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.83.

Clear Secure Stock Performance

YOU traded up $0.06 during midday trading on Friday, hitting $36.84. The company had a trading volume of 2,312,726 shares, compared to its average volume of 1,741,425. The company has a market capitalization of $5.13 billion, a PE ratio of 47.23 and a beta of 1.63. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.04. The firm’s 50-day simple moving average is $32.71 and its 200-day simple moving average is $24.29.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm 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 company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. As a group, sell-side analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. Clear Secure’s payout ratio is currently 64.10%.

Insider Transactions at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $7,049,002.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $7,049,002.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the sale, the insider now owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,173,935 shares of company stock worth $36,826,532 in the last quarter. 37.85% of the stock is owned by company insiders.

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.