CLEAR Secure, Inc. (NYSE:YOU) Receives Average Recommendation of “Hold” from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been given a consensus rating of “Hold” by the nine analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $51.5714.

Several equities research analysts have recently weighed in on the stock. Telsey Advisory Group upped their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. The Goldman Sachs Group set a $61.00 price target on shares of CLEAR Secure and gave the company a “buy” rating in a report on Wednesday, February 25th. Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Stifel Nicolaus upped their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Finally, Needham & Company LLC raised their price objective on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd.

CLEAR Secure Price Performance

Shares of YOU stock opened at $44.73 on Thursday. The stock’s fifty day simple moving average is $36.82 and its 200 day simple moving average is $35.51. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 39.94 and a beta of 1.13. CLEAR Secure has a one year low of $23.00 and a one year high of $50.46.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $240.75 million for the quarter, compared to analysts’ expectations of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. On average, research analysts anticipate that CLEAR Secure will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a yield of 131.0%. CLEAR Secure’s payout ratio is currently 53.57%.

Insiders Place Their Bets

In related news, President Michael Z. Barkin sold 22,885 shares of the company’s stock in a transaction dated Sunday, March 1st. The shares were sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the transaction, the president owned 5,669 shares in the company, valued at $273,359.18. This represents a 80.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Adam Wiener sold 15,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $50.00, for a total transaction of $750,000.00. Following the sale, the director directly owned 132,634 shares in the company, valued at approximately $6,631,700. This represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 135,020 shares of company stock worth $6,025,890 over the last ninety days. Company insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Institutional investors have recently modified their holdings of the stock. Jump Financial LLC grew its position in shares of CLEAR Secure by 88.0% during the 2nd quarter. Jump Financial LLC now owns 248,584 shares of the company’s stock worth $6,901,000 after buying an additional 116,385 shares during the period. Aviva PLC acquired a new position in CLEAR Secure in the second quarter valued at approximately $521,000. Vest Financial LLC boosted its stake in CLEAR Secure by 17.7% in the third quarter. Vest Financial LLC now owns 196,667 shares of the company’s stock valued at $6,565,000 after acquiring an additional 29,527 shares during the last quarter. Versor Investments LP acquired a new stake in CLEAR Secure during the 3rd quarter worth $1,152,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in CLEAR Secure during the 2nd quarter worth $421,000. 73.80% of the stock is owned by institutional investors.

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.