CLEAR Secure (NYSE:YOU) Shares Down 8.7% – Here’s What Happened

CLEAR Secure, Inc. (NYSE:YOU)’s share price fell 8.7% during mid-day trading on Friday . The company traded as low as $48.52 and last traded at $48.7610. 774,819 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 1,717,105 shares. The stock had previously closed at $53.40.

Analyst Upgrades and Downgrades

Several research firms recently commented on YOU. Stifel Nicolaus upped their price target on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. boosted their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Wells Fargo & Company increased their target price on shares of CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. DA Davidson raised their target price on shares of CLEAR Secure from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group set a $61.00 price target on shares of CLEAR Secure and gave the company a “buy” rating in a research report on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.14.

CLEAR Secure Price Performance

The firm has a market cap of $6.32 billion, a P/E ratio of 42.35 and a beta of 1.13. The company’s 50-day moving average is $40.23 and its two-hundred day moving average is $36.63.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million during the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

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

Insiders Place Their Bets

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of CLEAR Secure stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $48.57, for a total value of $386,131.50. Following the transaction, the chief accounting officer owned 10,960 shares in the company, valued at $532,327.20. The trade was a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael Z. Barkin sold 22,885 shares of the business’s stock in a transaction dated Sunday, March 1st. The stock was sold at an average price of $48.22, for a total value of $1,103,514.70. Following the transaction, the president directly owned 5,669 shares of the company’s stock, valued at approximately $273,359.18. The trade was a 80.15% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 111,488 shares of company stock worth $5,069,078. 39.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CLEAR Secure

Several hedge funds and other institutional investors have recently made changes to their positions in YOU. Durable Capital Partners LP lifted its stake in CLEAR Secure by 153.1% in 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. State Street Corp grew its holdings in shares of CLEAR Secure by 1.8% during the fourth quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after purchasing an additional 59,067 shares during the last quarter. First Trust Advisors LP increased its holdings in CLEAR Secure by 1.2% in the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after purchasing an additional 35,304 shares during the period. Morgan Stanley raised its position in shares of CLEAR Secure by 6.0% during the fourth quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after acquiring an additional 152,074 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in CLEAR Secure by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock valued at $92,150,000 after purchasing an additional 137,249 shares during the period. 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.