XTX Topco Ltd cut its position in Clear Secure, Inc. (NYSE:YOU – Free Report) by 78.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,778 shares of the company’s stock after selling 29,110 shares during the quarter. XTX Topco Ltd’s holdings in Clear Secure were worth $258,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in YOU. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure in the third quarter worth $26,000. Future Financial Wealth Managment LLC bought a new stake in shares of Clear Secure in the 3rd quarter valued at about $33,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Clear Secure in the second quarter valued at about $26,000. KBC Group NV bought a new position in shares of Clear Secure during the third quarter worth about $90,000. Finally, NBC Securities Inc. acquired a new position in shares of Clear Secure in the third quarter worth approximately $105,000. 73.80% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have weighed in on YOU shares. Stifel Nicolaus increased their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Wedbush reiterated a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group boosted their target price on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.67.
Clear Secure Trading Down 2.6 %
NYSE:YOU opened at $25.98 on Thursday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 30.21 and a beta of 1.43. The firm has a fifty day simple moving average of $30.49 and a two-hundred day simple moving average of $26.64.
Clear Secure (NYSE:YOU – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.
Clear Secure Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.92%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure’s dividend payout ratio is presently 58.14%.
Insider Buying and Selling
In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 37.85% of the stock is owned by company insiders.
Clear Secure Profile
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.
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