Jackson Creek Investment Advisors LLC Makes New $403,000 Investment in CLEAR Secure, Inc. $YOU

Jackson Creek Investment Advisors LLC purchased a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) in the fourth quarter, Holdings Channel reports. The fund purchased 11,488 shares of the company’s stock, valued at approximately $403,000.

Several other institutional investors have also modified their holdings of YOU. Durable Capital Partners LP lifted its holdings in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares during the period. Jacobs Levy Equity Management Inc. raised its position in CLEAR Secure by 6,038.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after acquiring an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC raised its position in CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CLEAR Secure by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after acquiring an additional 430,035 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in CLEAR Secure by 336.0% in the third quarter. BNP Paribas Financial Markets now owns 533,447 shares of the company’s stock worth $17,806,000 after acquiring an additional 411,093 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Stock Up 0.3%

Shares of NYSE YOU opened at $56.70 on Friday. CLEAR Secure, Inc. has a 12 month low of $24.06 and a 12 month high of $62.73. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 45.73 and a beta of 1.09. The business has a fifty day simple moving average of $54.29 and a 200-day simple moving average of $43.02.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same period in the prior year, the business posted $0.26 earnings per share. CLEAR Secure’s revenue was up 19.7% compared to the same quarter last year. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

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

Insiders Place Their Bets

In other CLEAR Secure news, insider Lynn Haaland sold 11,064 shares of CLEAR Secure stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total transaction of $524,876.16. Following the transaction, the insider owned 7,375 shares of the company’s stock, valued at $349,870. The trade was a 60.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Dennis W. Liu sold 7,950 shares of CLEAR Secure stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total value of $386,131.50. Following the transaction, the chief accounting officer directly owned 10,960 shares in the company, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,311 shares of company stock valued at $2,274,919 in the last 90 days. Insiders own 39.73% of the company’s stock.

Analysts Set New Price Targets

YOU has been the topic of several research reports. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson reiterated a “neutral” rating and issued a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. 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. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, Telsey Advisory Group boosted their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.00.

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.