CenterBook Partners LP Makes New $2.93 Million Investment in CLEAR Secure, Inc. $YOU

CenterBook Partners LP bought a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) in the third quarter, HoldingsChannel reports. The firm bought 69,799 shares of the company’s stock, valued at approximately $2,928,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC grew its holdings in CLEAR Secure by 9.5% in the third quarter. Kestra Private Wealth Services LLC now owns 6,511 shares of the company’s stock valued at $273,000 after purchasing an additional 567 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in CLEAR Secure by 2.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 21,442 shares of the company’s stock valued at $899,000 after acquiring an additional 600 shares during the last quarter. Aviance Capital Partners LLC acquired a new stake in CLEAR Secure in the 3rd quarter valued at about $379,000. Vise Technologies Inc. increased its holdings in CLEAR Secure by 122.7% during the 3rd quarter. Vise Technologies Inc. now owns 17,869 shares of the company’s stock valued at $750,000 after acquiring an additional 9,845 shares in the last quarter. Finally, Summit Global Investments purchased a new position in CLEAR Secure during the 3rd quarter valued at about $874,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on YOU. Needham & Company LLC lifted their target price on shares of CLEAR Secure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of CLEAR Secure from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $80.00 price objective on shares of CLEAR Secure in a research note on Wednesday. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, DA Davidson reduced their target price on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.86.

CLEAR Secure News Roundup

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

Insider Buying and Selling

In other CLEAR Secure news, President Michael Z. Barkin sold 11,444 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the transaction, the president owned 11,550 shares of the company’s stock, valued at $519,750. This represents a 49.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Dennis W. Liu sold 3,507 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $59.60, for a total value of $209,017.20. Following the transaction, the chief accounting officer directly owned 12,363 shares in the company, valued at approximately $736,834.80. This represents a 22.10% 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. Over the last 90 days, insiders have sold 21,554 shares of company stock worth $1,017,633. 29.70% of the stock is owned by insiders.

CLEAR Secure Price Performance

CLEAR Secure stock opened at $55.66 on Friday. CLEAR Secure, Inc. has a 12-month low of $30.98 and a 12-month high of $69.07. The stock has a market capitalization of $7.53 billion, a P/E ratio of 32.74 and a beta of 0.99. The firm’s 50-day moving average is $43.86 and its two-hundred day moving average is $47.95.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $292.85 million during the quarter, compared to the consensus estimate of $286.65 million. CLEAR Secure had a net margin of 16.23% and a return on equity of 87.30%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. As a group, analysts forecast that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Thursday, December 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. CLEAR Secure’s dividend payout ratio (DPR) is 35.29%.

CLEAR Secure Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.