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

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.8571.

YOU has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $45.00 price target on shares of CLEAR Secure in a report on Wednesday, December 17th. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. DA Davidson set a $46.00 target price on shares of CLEAR Secure and gave the company a “buy” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $42.00 in a research report on Friday, December 12th. Finally, Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th.

CLEAR Secure Price Performance

Shares of YOU opened at $34.35 on Wednesday. The company’s 50-day moving average is $35.56 and its 200-day moving average is $34.13. The firm has a market capitalization of $4.57 billion, a PE ratio of 20.95 and a beta of 1.22. CLEAR Secure has a fifty-two week low of $21.67 and a fifty-two week high of $42.29.

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

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, December 10th. CLEAR Secure’s payout ratio is presently 30.49%.

Insider Buying and Selling

In related news, Director Adam Wiener sold 14,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the sale, the director owned 165,634 shares of the company’s stock, valued at $5,797,190. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction on Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the completion of the transaction, the insider directly owned 15,533 shares of the company’s stock, valued at $636,853. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,532 shares of company stock worth $1,663,052 in the last three months. 39.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently bought and sold shares of the company. Durable Capital Partners LP increased 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. First Trust Advisors LP boosted its position in shares of 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 acquiring an additional 35,304 shares in the last quarter. Wellington Management Group LLP increased its stake in CLEAR Secure by 5.9% in the third quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock valued at $83,103,000 after acquiring an additional 139,048 shares during the last quarter. Copeland Capital Management LLC raised its position in CLEAR Secure by 25.2% during the second quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock valued at $68,687,000 after purchasing an additional 497,871 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in CLEAR Secure by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after purchasing an additional 430,035 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

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.