FORA Capital LLC Buys Shares of 63,245 Clear Secure, Inc. (NYSE:YOU)

FORA Capital LLC purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 63,245 shares of the company’s stock, valued at approximately $2,096,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the second quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in Clear Secure during the 3rd quarter worth about $26,000. Future Financial Wealth Managment LLC acquired a new position in shares of Clear Secure during the 3rd quarter worth about $33,000. KBC Group NV bought a new position in shares of Clear Secure in the 3rd quarter valued at about $90,000. Finally, Plato Investment Management Ltd increased its position in shares of Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the transaction, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. This trade represents a 17.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Insiders have sold 901,500 shares of company stock worth $29,055,829 in the last 90 days. Company insiders own 37.85% of the company’s stock.

Clear Secure Price Performance

NYSE:YOU opened at $26.11 on Thursday. The company has a market cap of $3.64 billion, a P/E ratio of 30.36 and a beta of 1.63. The firm’s fifty day moving average price is $32.26 and its two-hundred day moving average price is $25.63. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. As a group, equities research analysts expect that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YOU. The Goldman Sachs Group increased their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus increased their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. 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. Telsey Advisory Group increased their price target on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Wedbush restated a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.