Michael Z. Barkin Sells 25,000 Shares of Clear Secure, Inc. (NYSE:YOU) Stock

Clear Secure, Inc. (NYSE:YOU) Director Michael Z. Barkin sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total transaction of $716,000.00. Following the completion of the transaction, the director now owns 7,056 shares of the company’s stock, valued at $202,083.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Clear Secure Stock Performance

Shares of YOU stock opened at $29.84 on Friday. The company has a market capitalization of $4.15 billion, a P/E ratio of 53.28 and a beta of 1.58. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $30.23. The stock has a 50 day moving average price of $22.54 and a two-hundred day moving average price of $19.96.

Clear Secure (NYSE:YOU) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. Clear Secure’s dividend payout ratio is currently 71.43%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on YOU shares. Wedbush reiterated a “neutral” rating and issued a $21.00 price objective on shares of Clear Secure in a report on Wednesday, May 8th. The Goldman Sachs Group increased their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Clear Secure in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Clear Secure currently has an average rating of “Hold” and an average price target of $29.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of YOU. Montag A & Associates Inc. purchased a new stake in Clear Secure in the 1st quarter worth approximately $26,000. Quarry LP increased its stake in shares of Clear Secure by 86.4% during the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after buying an additional 1,163 shares during the period. Plato Investment Management Ltd raised its holdings in shares of Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares in the last quarter. CWM LLC lifted its stake in Clear Secure by 968.0% in the second quarter. CWM LLC now owns 7,252 shares of the company’s stock worth $136,000 after acquiring an additional 6,573 shares during the period. Finally, nVerses Capital LLC bought a new stake in Clear Secure in the second quarter valued at $137,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.