CLEAR Secure, Inc. (NYSE:YOU) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CLEAR Secure, Inc. (NYSE:YOU) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $40.8571.

A number of research firms recently weighed in on YOU. Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Stifel Nicolaus set a $38.00 price objective on CLEAR Secure in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group upped their price objective on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, November 6th.

CLEAR Secure Stock Down 0.9%

CLEAR Secure stock opened at $34.60 on Wednesday. The business’s 50-day simple moving average is $35.72 and its 200 day simple moving average is $33.91. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 21.10 and a beta of 1.22. CLEAR Secure has a 12-month low of $21.67 and a 12-month high of $42.29.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The firm had revenue of $229.19 million during the quarter, compared to analysts’ expectations of $224.80 million. During the same period in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts expect that CLEAR Secure will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. CLEAR Secure’s dividend payout ratio is 30.49%.

Insider Activity at CLEAR Secure

In related news, insider Lynn Haaland sold 15,532 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the transaction, the insider owned 15,533 shares in the company, valued at approximately $636,853. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adam Wiener sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the sale, the director directly owned 165,634 shares of the company’s stock, valued at $5,797,190. The trade was a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,532 shares of company stock worth $1,663,052 in the last three months. 39.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YOU. Jump Financial LLC boosted its position in shares of CLEAR Secure by 88.0% during the second quarter. Jump Financial LLC now owns 248,584 shares of the company’s stock worth $6,901,000 after buying an additional 116,385 shares during the period. KLP Kapitalforvaltning AS lifted its stake in CLEAR Secure by 5.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 43,500 shares of the company’s stock valued at $1,208,000 after acquiring an additional 2,400 shares in the last quarter. Aviva PLC acquired a new position in CLEAR Secure during the 2nd quarter worth approximately $521,000. Vest Financial LLC boosted its position in CLEAR Secure by 69.6% during the 2nd quarter. Vest Financial LLC now owns 167,140 shares of the company’s stock worth $4,640,000 after acquiring an additional 68,585 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its stake in shares of CLEAR Secure by 16.1% during the 2nd quarter. Hodges Capital Management Inc. now owns 191,550 shares of the company’s stock worth $5,317,000 after acquiring an additional 26,549 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

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.