Franklin Resources Inc. Purchases 4,527 Shares of Clear Secure, Inc. (NYSE:YOU)

Franklin Resources Inc. lifted its position in Clear Secure, Inc. (NYSE:YOU) by 10.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 46,175 shares of the company’s stock after acquiring an additional 4,527 shares during the period. Franklin Resources Inc.’s holdings in Clear Secure were worth $1,612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Clear Secure during the 3rd quarter valued at $26,000. Future Financial Wealth Managment LLC purchased a new stake in Clear Secure during the 3rd quarter valued at $33,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure during the 2nd quarter valued at $26,000. KBC Group NV purchased a new stake in Clear Secure during the 3rd quarter valued at $90,000. Finally, NBC Securities Inc. purchased a new stake in Clear Secure during the 3rd quarter valued at $105,000. Institutional investors own 73.80% of the company’s stock.

Insider Buying and Selling

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 37.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on YOU shares. Stifel Nicolaus boosted their target price 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. Wedbush restated a “neutral” rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, December 16th. Finally, Telsey Advisory Group upped their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Price Performance

NYSE:YOU opened at $27.22 on Friday. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 31.65 and a beta of 1.43. The business has a fifty day moving average price of $29.28 and a 200-day moving average price of $27.02. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 48.28% and a net margin of 10.93%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS. On average, equities research analysts expect 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. Investors of record on Tuesday, December 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.84%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio is currently 58.14%.

Clear Secure Company 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.