GSA Capital Partners LLP Lowers Stock Position in Clear Secure, Inc. (NYSE:YOU)

GSA Capital Partners LLP cut its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 80.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,557 shares of the company’s stock after selling 31,125 shares during the period. GSA Capital Partners LLP’s holdings in Clear Secure were worth $250,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Entropy Technologies LP purchased a new stake in shares of Clear Secure during the 3rd quarter valued at $895,000. Los Angeles Capital Management LLC purchased a new stake in shares of Clear Secure during the 3rd quarter valued at $2,028,000. Meritage Portfolio Management boosted its position in Clear Secure by 108.8% during the 3rd quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock worth $1,208,000 after purchasing an additional 18,994 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Clear Secure during the 3rd quarter worth $1,405,000. Finally, Essex Savings Bank purchased a new stake in Clear Secure during the 3rd quarter worth $348,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CFO Kenneth L. Cornick sold 79,935 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.04, for a total transaction of $2,401,247.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Z. Barkin sold 25,000 shares of the stock in a transaction dated 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 owns 7,056 shares in the company, valued at approximately $202,083.84. This trade represents a 77.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,006,435 shares of company stock worth $32,173,077. 37.85% of the stock is currently owned by corporate insiders.

Clear Secure Price Performance

Shares of YOU stock opened at $26.18 on Friday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The firm has a market capitalization of $3.65 billion, a P/E ratio of 30.44 and a beta of 1.63. The company’s fifty day moving average price is $32.46 and its two-hundred day moving average price is $25.44.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.30 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 analyst estimates of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. On average, sell-side analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio is 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.