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

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $60.00.

Several equities analysts recently weighed in on YOU shares. Wells Fargo & Company raised their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Telsey Advisory Group increased 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. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research report on Thursday, May 7th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th.

Insiders Place Their Bets

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the transaction, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the transaction, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. 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 have sold a total of 23,962 shares of company stock valued at $1,360,146 in the last quarter. 29.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CLEAR Secure

A number of hedge funds have recently bought and sold shares of the business. Durable Capital Partners LP increased its position in shares of CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in CLEAR Secure in the second quarter worth $82,542,000. Jacobs Levy Equity Management Inc. boosted its stake in CLEAR Secure by 6,038.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after buying an additional 1,439,873 shares during the period. Squarepoint Ops LLC boosted its stake in CLEAR Secure by 4,573.0% during the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after buying an additional 909,152 shares during the period. Finally, Norges Bank bought a new position in CLEAR Secure during the fourth quarter valued at $29,500,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Trading Down 0.0%

NYSE YOU opened at $56.02 on Wednesday. The stock’s 50 day moving average is $55.40 and its 200 day moving average is $47.58. CLEAR Secure has a 12 month low of $28.39 and a 12 month high of $62.73. The stock has a market cap of $7.47 billion, a PE ratio of 45.18 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last announced 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 business had revenue of $253.00 million during the quarter, compared to analyst estimates 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 was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. On average, analysts forecast that CLEAR Secure will post 1.79 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a 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.