CLEAR Secure (NYSE:YOU) Stock Price Down 7% – What’s Next?

Shares of CLEAR Secure, Inc. (NYSE:YOU) fell 7% during trading on Wednesday . The stock traded as low as $57.07 and last traded at $58.0090. 195,061 shares changed hands during trading, a decline of 88% from the average session volume of 1,663,110 shares. The stock had previously closed at $62.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. 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 note on Thursday, May 7th. Wells Fargo & Company upped their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

CLEAR Secure Price Performance

The firm’s 50 day moving average is $54.29 and its 200 day moving average is $43.02. The company has a market capitalization of $7.56 billion, a PE ratio of 45.73 and a beta of 1.09.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. As a group, analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s payout ratio is currently 48.39%.

Insiders Place Their Bets

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total transaction of $386,131.50. Following the completion of the transaction, the chief accounting officer owned 10,960 shares of the company’s stock, valued at $532,327.20. This represents a 42.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 46,311 shares of company stock worth $2,274,919. 39.73% of the stock is currently owned by company insiders.

Institutional Trading of CLEAR Secure

Several large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in shares of CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of CLEAR Secure during the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd raised its stake in CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after buying an additional 619 shares in the last quarter. Parallel Advisors LLC lifted its holdings in CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after buying an additional 685 shares during the period. Finally, Allworth Financial LP lifted its holdings in CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after buying an additional 555 shares during the period. Institutional investors own 73.80% of the company’s stock.

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.