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

Shares of CLEAR Secure, Inc. (NYSE:YOU) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $60.00.

Several research analysts have recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $75.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Finally, Telsey Advisory Group boosted their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th.

CLEAR Secure Stock Down 0.1%

NYSE YOU opened at $51.39 on Friday. CLEAR Secure has a 52 week low of $24.63 and a 52 week high of $62.73. The business’s fifty day simple moving average is $55.12 and its 200-day simple moving average is $44.92. The firm has a market cap of $6.85 billion, a PE ratio of 41.45 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last posted 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 return on equity of 68.98% and a net margin of 13.01%.The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. Research analysts expect that CLEAR Secure will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s payout ratio is 48.39%.

Insider Activity at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the sale, the executive vice president owned 29,519 shares in the company, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 23,962 shares of company stock worth $1,360,146. Company insiders own 39.73% of the company’s stock.

Institutional Trading of CLEAR Secure

Several institutional investors and hedge funds have recently bought and sold shares of YOU. Durable Capital Partners LP raised its holdings in CLEAR Secure by 153.1% in the 2nd 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 period. Jacobs Levy Equity Management Inc. grew its position 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 valued at $48,859,000 after acquiring an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC grew its position in CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after acquiring an additional 909,152 shares in the last quarter. Norges Bank acquired a new position in CLEAR Secure in the 4th quarter valued at about $29,500,000. Finally, Jupiter Asset Management Ltd. grew its position in CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after acquiring an additional 635,400 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

About CLEAR Secure

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.