Los Angeles Capital Management LLC Purchases Shares of 61,203 Clear Secure, Inc. (NYSE:YOU)

Los Angeles Capital Management LLC acquired a new stake in Clear Secure, Inc. (NYSE:YOU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 61,203 shares of the company’s stock, valued at approximately $2,028,000.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Clear Secure by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock valued at $411,000 after buying an additional 1,631 shares during the last quarter. Swiss National Bank raised its holdings in shares of Clear Secure by 1.3% in the first quarter. Swiss National Bank now owns 150,900 shares of the company’s stock valued at $3,210,000 after purchasing an additional 1,900 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Clear Secure by 9.7% in the first quarter. ProShare Advisors LLC now owns 14,939 shares of the company’s stock valued at $318,000 after purchasing an additional 1,327 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Clear Secure during the first quarter valued at about $457,000. Finally, Vanguard Group Inc. boosted its holdings in Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after purchasing an additional 1,111,330 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on YOU shares. Stifel Nicolaus increased their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Friday, November 8th. Wedbush reaffirmed a “neutral” rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Finally, Telsey Advisory Group lifted their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.67.

Insider Buying and Selling

In other Clear Secure news, Director Michael Z. Barkin sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total transaction of $716,000.00. Following the sale, the director now owns 7,056 shares of the company’s stock, valued at $202,083.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Kenneth L. Cornick sold 79,935 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.04, for a total transaction of $2,401,247.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Z. Barkin sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total transaction of $716,000.00. Following the sale, the director now directly owns 7,056 shares in the company, valued at $202,083.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,006,435 shares of company stock valued at $32,173,077. Company insiders own 37.85% of the company’s stock.

Clear Secure Price Performance

Shares of YOU opened at $26.47 on Thursday. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The stock’s fifty day moving average price is $32.99 and its two-hundred day moving average price is $25.01. The firm has a market cap of $3.69 billion, a PE ratio of 31.77 and a beta of 1.63.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The firm had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Sell-side analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio is presently 46.51%.

About Clear Secure

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.