NBC Securities Inc. Takes Position in Clear Secure, Inc. (NYSE:YOU)

NBC Securities Inc. bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU) during the third quarter, Holdings Channel reports. The fund bought 3,172 shares of the company’s stock, valued at approximately $105,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Clear Secure by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after purchasing an additional 211,214 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 worth $411,000 after buying an additional 1,631 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Clear Secure during the 1st quarter worth approximately $238,000. Janney Montgomery Scott LLC raised its holdings in shares of Clear Secure by 184.9% during the first quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock valued at $22,791,000 after acquiring an additional 695,418 shares during the last quarter. Finally, Capstone Investment Advisors LLC lifted its position in shares of Clear Secure by 167.3% in the first quarter. Capstone Investment Advisors LLC now owns 112,793 shares of the company’s stock valued at $2,399,000 after acquiring an additional 70,597 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Activity

In related news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction dated 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 directly owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the transaction, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of Clear Secure 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 of the company’s stock, valued at $255,581.33. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,173,935 shares of company stock valued at $36,826,532 in the last quarter. Insiders own 37.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC increased their target price on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.20.

Clear Secure Trading Down 3.4 %

Shares of YOU stock opened at $36.05 on Friday. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $37.90. The company’s 50-day moving average price is $30.97 and its 200-day moving average price is $23.10. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 64.38 and a beta of 1.65.

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

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. Clear Secure’s dividend payout ratio is currently 71.43%.

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.