Lisanti Capital Growth LLC Makes New Investment in CLEAR Secure, Inc. $YOU

Lisanti Capital Growth LLC purchased a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 54,920 shares of the company’s stock, valued at approximately $1,927,000.

Several other institutional investors and hedge funds have also made changes to their positions in YOU. Durable Capital Partners LP grew its holdings in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after acquiring an additional 1,439,873 shares during the last quarter. Squarepoint Ops LLC raised its stake in CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after acquiring an additional 430,035 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in CLEAR Secure by 336.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 533,447 shares of the company’s stock worth $17,806,000 after acquiring an additional 411,093 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 price objective on shares of CLEAR Secure in a report on Thursday, May 7th. Telsey Advisory Group upped their target price on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CLEAR Secure currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insiders Place Their Bets

In other CLEAR Secure news, insider Lynn Haaland sold 15,533 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $45.00, for a total transaction of $698,985.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 101,900 shares of company stock valued at $4,839,474. Insiders own 39.73% of the company’s stock.

CLEAR Secure Stock Down 1.8%

Shares of YOU opened at $60.02 on Friday. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 48.40 and a beta of 1.09. CLEAR Secure, Inc. has a 52 week low of $23.88 and a 52 week high of $62.22. The stock’s 50-day moving average price is $53.26 and its 200-day moving average price is $42.20.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. During the same period last year, the business earned $0.26 earnings per share. CLEAR Secure’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, equities analysts anticipate that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a $0.15 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. CLEAR Secure’s dividend payout ratio is 48.39%.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.