Amalgamated Bank Acquires 23,985 Shares of Clear Secure, Inc. (NYSE:YOU)

Amalgamated Bank lifted its holdings in Clear Secure, Inc. (NYSE:YOU) by 844.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,826 shares of the company’s stock after buying an additional 23,985 shares during the period. Amalgamated Bank’s holdings in Clear Secure were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Clear Secure in the 2nd quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new stake in shares of Clear Secure in the 3rd quarter worth about $33,000. Plato Investment Management Ltd boosted its stake in shares of Clear Secure by 10,535.4% during the 2nd 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 period. NBC Securities Inc. purchased a new stake in Clear Secure in the 3rd quarter worth about $105,000. Finally, Quarry LP lifted its stake in Clear Secure by 406.1% in the second quarter. Quarry LP now owns 5,719 shares of the company’s stock worth $107,000 after purchasing an additional 4,589 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Z. Barkin sold 25,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the sale, the director now owns 7,056 shares of the company’s stock, valued at approximately $202,083.84. This represents a 77.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,006,435 shares of company stock worth $32,173,077 over the last quarter. Insiders own 37.85% of the company’s stock.

Clear Secure Stock Performance

NYSE:YOU opened at $26.90 on Friday. The firm has a 50-day simple moving average of $32.93 and a 200-day simple moving average of $25.02. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The firm has a market cap of $3.75 billion, a P/E ratio of 30.78 and a beta of 1.63.

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 business 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 business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. On average, research analysts predict that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.86%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on YOU shares. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Friday, November 8th. Wedbush reiterated a “neutral” rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. 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. Stifel Nicolaus raised their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.67.

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.