CLEAR Secure (NYSE:YOU) Hits New 52-Week High After Analyst Upgrade

CLEAR Secure, Inc. (NYSE:YOU)’s share price hit a new 52-week high during trading on Friday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $42.00 price target on the stock, up from their previous price target of $35.00. CLEAR Secure traded as high as $41.64 and last traded at $40.8330, with a volume of 1010563 shares. The stock had previously closed at $36.26.

A number of other equities research analysts have also recently commented on the stock. Telsey Advisory Group increased their target price on shares of CLEAR Secure from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a report on Monday, December 8th. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, The Goldman Sachs Group upped their target price on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.71.

Insider Buying and Selling

In other CLEAR Secure news, Director Adam Wiener sold 6,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $36.04, for a total value of $216,240.00. Following the transaction, the director owned 187,634 shares of the company’s stock, valued at approximately $6,762,329.36. This represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds and other institutional investors have recently made changes to their positions in YOU. Cetera Investment Advisers raised its stake in CLEAR Secure by 17.6% during the 1st quarter. Cetera Investment Advisers now owns 13,918 shares of the company’s stock worth $361,000 after buying an additional 2,081 shares during the period. Deutsche Bank AG grew its position in shares of CLEAR Secure by 181.2% in the 1st quarter. Deutsche Bank AG now owns 229,972 shares of the company’s stock valued at $5,959,000 after purchasing an additional 148,197 shares during the period. Swiss National Bank increased its stake in CLEAR Secure by 6.1% during the 1st quarter. Swiss National Bank now owns 173,400 shares of the company’s stock worth $4,493,000 after purchasing an additional 9,900 shares in the last quarter. Invesco Ltd. increased its stake in CLEAR Secure by 74.9% during the 1st quarter. Invesco Ltd. now owns 978,584 shares of the company’s stock worth $25,355,000 after purchasing an additional 419,133 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in CLEAR Secure during the 1st quarter worth approximately $30,862,000. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Stock Performance

The firm’s fifty day simple moving average is $33.52 and its 200 day simple moving average is $31.98. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 25.13 and a beta of 1.22.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The company had revenue of $229.19 million during the quarter, compared to the consensus estimate of $224.80 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. Analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. CLEAR Secure’s dividend payout ratio (DPR) is currently 30.49%.

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.