CLEAR Secure, Inc. (YOU) – What Are Researchers Thinking About This Stock?

CLEAR Secure, Inc. (NYSE:YOU) has been given an average recommendation of “Hold” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $58.29.

A number of brokerages have recently commented on YOU. DA Davidson reduced their target price on shares of CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, September 11th. Wall Street Zen downgraded shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a report on Monday, July 20th. JPMorgan Chase & Co. began coverage on CLEAR Secure in a report on Monday, August 24th. They issued an “overweight” rating and a $55.00 price target for the company. Finally, Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th.

Insider Transactions at CLEAR Secure

In other news, President Michael Barkin sold 11,444 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the transaction, the president owned 11,550 shares of the company’s stock, valued at approximately $519,750. This represents a 49.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle McLaughlin sold 4,499 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the transaction, the executive vice president owned 29,519 shares in the company, valued at approximately $1,312,709.93. This represents a 13.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is currently owned by corporate insiders.

Institutional Trading of CLEAR Secure

Hedge funds have recently added to or reduced their stakes in the business. Congress Asset Management Co. bought a new position in CLEAR Secure during the 3rd quarter worth about $78,843,000. Wedge Capital Management L L P NC bought a new stake in shares of CLEAR Secure in the 2nd quarter valued at about $82,542,000. Bank of New York Mellon Corp bought a new stake in shares of CLEAR Secure in the 2nd quarter valued at about $47,722,000. Ashford Capital Management Inc. lifted its position in shares of CLEAR Secure by 97.5% in the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after purchasing an additional 263,218 shares during the period. Finally, Sei Investments Co. lifted its position in shares of CLEAR Secure by 32.9% in the 1st quarter. Sei Investments Co. now owns 349,368 shares of the company’s stock worth $16,913,000 after purchasing an additional 86,430 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

CLEAR Secure Trading Down 1.1%

NYSE YOU opened at $45.57 on Friday. The stock has a market cap of $6.17 billion, a PE ratio of 31.00 and a beta of 1.01. CLEAR Secure has a 12 month low of $30.23 and a 12 month high of $69.07. The company’s 50-day moving average price is $42.82 and its 200-day moving average price is $47.33.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. As a group, sell-side analysts forecast that CLEAR Secure will post 1.88 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 10th. CLEAR Secure’s dividend payout ratio is currently 40.82%.

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.