nVerses Capital LLC Invests $137,000 in Clear Secure, Inc. (NYSE:YOU)

nVerses Capital LLC bought a new position in Clear Secure, Inc. (NYSE:YOU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,300 shares of the company’s stock, valued at approximately $137,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Montag A & Associates Inc. acquired a new stake in Clear Secure during the 1st quarter worth about $26,000. Quarry LP raised its holdings in shares of Clear Secure by 86.4% during the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after acquiring an additional 1,163 shares during the period. CWM LLC lifted its position in shares of Clear Secure by 968.0% in the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after acquiring an additional 6,573 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of Clear Secure by 11.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock valued at $165,000 after acquiring an additional 900 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Clear Secure by 56.2% in the 4th quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock worth $211,000 after purchasing an additional 3,683 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YOU has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $21.00 price objective on shares of Clear Secure in a research note on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.20.

Insider Transactions at Clear Secure

In related news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at $255,581.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now owns 34,227 shares of the company’s stock, valued at $755,732.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the sale, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at $255,581.33. The disclosure for this sale can be found here. Insiders have sold a total of 272,435 shares of company stock worth $7,770,702 in the last 90 days. 37.85% of the stock is owned by insiders.

Clear Secure Trading Up 1.9 %

YOU opened at $30.39 on Tuesday. The stock has a fifty day moving average price of $23.01 and a 200 day moving average price of $20.10. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $30.58. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 54.27 and a beta of 1.64.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. As a group, sell-side analysts forecast that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. Clear Secure’s dividend payout ratio (DPR) is 71.43%.

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.