CLEAR Secure, Inc. (NYSE:YOU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $60.00.

YOU has been the topic of several analyst reports. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. DA Davidson restated a “neutral” rating and set a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research note 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 research note on Thursday, May 7th. Finally, Telsey Advisory Group increased their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th.

Insiders Place Their Bets

In related news, CAO Dennis W. Liu sold 7,950 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total value of $386,131.50. Following the transaction, the chief accounting officer directly owned 10,960 shares in the company, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Michael Z. Barkin sold 22,885 shares of the firm’s stock in a transaction on Sunday, March 1st. The shares were sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the completion of the transaction, the president owned 5,669 shares in the company, valued at $273,359.18. The trade was a 80.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,900 shares of company stock worth $4,839,474 in the last ninety days. 39.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in CLEAR Secure by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after buying an additional 323 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in CLEAR Secure by 14.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company’s stock valued at $121,000 after buying an additional 447 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in CLEAR Secure by 3.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock valued at $617,000 after buying an additional 447 shares during the last quarter. Blue Trust Inc. grew its stake in CLEAR Secure by 13.4% in the 4th quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock valued at $134,000 after buying an additional 451 shares during the last quarter. Finally, Aspen Investment Management Inc grew its stake in CLEAR Secure by 5.2% in the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock valued at $493,000 after buying an additional 500 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Stock Down 0.1%

Shares of YOU opened at $60.02 on Tuesday. The company’s fifty day moving average is $53.56 and its 200-day moving average is $42.49. CLEAR Secure has a 12 month low of $23.88 and a 12 month high of $62.22. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 48.40 and a beta of 1.09.

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

CLEAR Secure Dividend Announcement

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