CLEAR Secure (NYSE:YOU) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of CLEAR Secure (NYSE:YOU) from a neutral rating to an overweight rating in a research note published on Friday morning, Marketbeat reports. The brokerage currently has $42.00 price objective on the stock, up from their prior price objective of $35.00.

YOU has been the topic of several other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a research note on Monday, December 8th. The Goldman Sachs Group raised their price objective on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Stifel Nicolaus set a $38.00 target price on CLEAR Secure in a research report on Thursday, November 6th. Finally, Telsey Advisory Group lifted their price target on CLEAR Secure from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.71.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $41.21 on Friday. The stock’s 50-day simple moving average is $33.52 and its 200-day simple moving average is $32.04. The firm has a market capitalization of $5.49 billion, a PE ratio of 25.13 and a beta of 1.21. CLEAR Secure has a fifty-two week low of $21.67 and a fifty-two week high of $42.07.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $229.19 million for the quarter, compared to analyst estimates of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts forecast that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

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

Insiders Place Their Bets

In other CLEAR Secure news, Director Adam Wiener sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $36.04, for a total transaction of $216,240.00. Following the completion of the sale, the director directly owned 187,634 shares of the company’s stock, valued at approximately $6,762,329.36. This trade represents a 3.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

Several large investors have recently modified their holdings of the stock. Durable Capital Partners LP lifted 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 worth $207,932,000 after purchasing an additional 4,531,161 shares during the period. First Trust Advisors LP raised its position in CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after buying an additional 35,304 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of CLEAR Secure by 5.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock worth $83,103,000 after acquiring an additional 139,048 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of CLEAR Secure by 25.2% in the second quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock valued at $68,687,000 after acquiring an additional 497,871 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of CLEAR Secure by 35.7% during the first 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. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.