CLEAR Secure, Inc. (NYSE:YOU) Given Average Rating of “Hold” by Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $60.00.

YOU has been the subject of a number of research reports. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $75.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. DA Davidson reissued a “neutral” rating and issued a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, Telsey Advisory Group boosted their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th.

Insider Transactions at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of the firm’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 legal filing with the SEC, which is available at this hyperlink. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This trade represents a 33.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,962 shares of company stock valued at $1,360,146 over the last three months. Corporate insiders own 29.70% of the company’s stock.

Institutional Trading of CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the stock. One Capital Management LLC purchased a new position in CLEAR Secure in the fourth quarter valued at about $1,270,000. Hussman Strategic Advisors Inc. raised its holdings in shares of CLEAR Secure by 50.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $2,210,000 after purchasing an additional 21,000 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of CLEAR Secure by 210.8% in the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after purchasing an additional 41,485 shares during the period. BNP Paribas Financial Markets lifted its stake in CLEAR Secure by 9.2% in the fourth quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock valued at $20,440,000 after purchasing an additional 49,211 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in CLEAR Secure by 260.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after purchasing an additional 635,400 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

CLEAR Secure Trading Up 1.0%

Shares of NYSE YOU opened at $53.60 on Wednesday. The firm has a market capitalization of $7.15 billion, a P/E ratio of 43.23 and a beta of 1.08. The firm’s 50-day moving average price is $55.61 and its 200-day moving average price is $47.17. CLEAR Secure has a 1-year low of $28.39 and a 1-year high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating 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 company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same period last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities research analysts forecast that CLEAR Secure will post 1.79 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 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.