Meeder Asset Management Inc. Takes $491,000 Position in CLEAR Secure, Inc. $YOU

Meeder Asset Management Inc. acquired a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU) during the 1st quarter, Holdings Channel reports. The fund acquired 10,137 shares of the company’s stock, valued at approximately $491,000.

A number of other hedge funds have also recently bought and sold shares of YOU. Royal Bank of Canada raised its holdings in CLEAR Secure by 59.7% in the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after acquiring an additional 101,476 shares during the last quarter. Amundi boosted its holdings in shares of CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after purchasing an additional 1,440 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure during the first quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of CLEAR Secure by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after purchasing an additional 2,801 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of CLEAR Secure by 64.7% in the first quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after purchasing an additional 1,801 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analysts Set New Price Targets

YOU has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a report on Monday. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Telsey Advisory Group increased their price objective 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. Finally, Needham & Company LLC raised their target price 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. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CLEAR Secure currently has a consensus rating of “Hold” and an average target price of $59.29.

CLEAR Secure Stock Down 0.4%

YOU stock opened at $56.98 on Wednesday. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 45.95 and a beta of 1.08. The business has a fifty day simple moving average of $55.40 and a 200-day simple moving average of $47.88. CLEAR Secure, Inc. has a 52 week low of $28.39 and a 52 week high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter last year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, analysts expect that CLEAR Secure, Inc. will post 1.79 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s payout ratio is currently 48.39%.

Insider Activity

In other news, President Michael Z. Barkin sold 11,550 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the sale, the president owned 22,994 shares in the company, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the sale, the executive vice president owned 29,519 shares of the company’s stock, valued at $1,658,967.80. The trade was a 21.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,962 shares of company stock valued at $1,360,146 in the last three months. Corporate insiders own 29.70% of the company’s stock.

CLEAR Secure 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.