Massachusetts Financial Services Co. MA Makes New Investment in Clear Secure, Inc. (NYSE:YOU)

Massachusetts Financial Services Co. MA bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 129,821 shares of the company’s stock, valued at approximately $2,429,000. Massachusetts Financial Services Co. MA owned approximately 0.09% of Clear Secure as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of YOU. Montag A & Associates Inc. purchased a new stake in Clear Secure in the 1st quarter valued at $26,000. Quarry LP grew its holdings in shares of Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after purchasing an additional 1,163 shares during the period. Plato Investment Management Ltd increased its position in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after purchasing an additional 5,057 shares during the last quarter. CWM LLC raised its stake in Clear Secure by 968.0% during the second quarter. CWM LLC now owns 7,252 shares of the company’s stock worth $136,000 after purchasing an additional 6,573 shares during the period. Finally, nVerses Capital LLC acquired a new position in Clear Secure in the 2nd quarter valued at about $137,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YOU has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.20.

Insider Activity

In related news, 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 transaction, the chief accounting officer now directly owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Dennis W. Liu sold 1,500 shares of the business’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 transaction, the chief accounting officer now directly owns 10,211 shares of the company’s stock, valued at $255,581.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,023,935 shares of company stock worth $31,714,532. Corporate insiders own 37.85% of the company’s stock.

Clear Secure Trading Down 0.1 %

Shares of NYSE YOU opened at $32.85 on Monday. The stock has a fifty day simple moving average of $26.26 and a 200-day simple moving average of $21.27. Clear Secure, Inc. has a twelve month low of $15.28 and a twelve month high of $33.85. The stock has a market capitalization of $4.76 billion, a PE ratio of 58.66 and a beta of 1.65.

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

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Tuesday, September 10th. 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.