Swiss Life Asset Management Ltd Invests $295,000 in CLEAR Secure, Inc. $YOU

Swiss Life Asset Management Ltd acquired a new position in CLEAR Secure, Inc. (NYSE:YOU) in the 4th quarter, Holdings Channel.com reports. The firm acquired 8,421 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vest Financial LLC increased its stake in shares of CLEAR Secure by 17.7% in the 3rd quarter. Vest Financial LLC now owns 196,667 shares of the company’s stock worth $6,565,000 after purchasing an additional 29,527 shares in the last quarter. First Trust Advisors LP boosted its holdings in CLEAR Secure by 1.2% in the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after buying an additional 35,304 shares during the period. Black Swift Group LLC bought a new position in CLEAR Secure in the 3rd quarter worth $907,000. CWA Asset Management Group LLC boosted its holdings in CLEAR Secure by 210.8% in the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after buying an additional 41,485 shares during the period. Finally, Versor Investments LP bought a new position in CLEAR Secure in the 3rd quarter worth $1,152,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Stock Up 0.9%

YOU opened at $59.41 on Tuesday. The firm has a 50-day simple moving average of $52.05 and a two-hundred day simple moving average of $41.44. CLEAR Secure, Inc. has a 52 week low of $23.88 and a 52 week high of $61.68. The company has a market capitalization of $7.92 billion, a PE ratio of 47.91 and a beta of 1.09.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data 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 net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue was up 19.7% on a year-over-year basis. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is 48.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on YOU shares. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $75.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. Wells Fargo & Company upped their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lynn Haaland sold 15,533 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $45.00, for a total transaction of $698,985.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 101,900 shares of company stock worth $4,839,474. Insiders own 39.73% of the company’s stock.

About CLEAR Secure

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.