CLEAR Secure (NYSE:YOU) Stock Price Down 5.6% – What’s Next?

CLEAR Secure, Inc. (NYSE:YOU)’s stock price traded down 5.6% on Friday . The stock traded as low as $47.11 and last traded at $46.2490. 88,164 shares changed hands during trading, a decline of 95% from the average session volume of 1,735,361 shares. The stock had previously closed at $48.99.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price target on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, February 26th. Wells Fargo & Company boosted their target price on 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 upped their target price on shares of CLEAR Secure from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. JPMorgan Chase & Co. raised their price target 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. Finally, Weiss Ratings lowered shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Hold” and a consensus target price of $53.14.

CLEAR Secure Stock Down 5.6%

The company has a market cap of $6.17 billion, a PE ratio of 41.30 and a beta of 1.10. The business’s fifty day moving average is $43.36 and its 200-day moving average is $37.51.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million for 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 revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. Analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.20 per share. This represents a dividend yield of 131.0%. The ex-dividend date of this dividend was Tuesday, March 10th. CLEAR Secure’s payout ratio is presently 53.57%.

Insider Buying and Selling

In other news, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction dated Sunday, March 1st. The stock was sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the transaction, the president directly owned 5,669 shares of the company’s stock, valued at $273,359.18. The trade was a 80.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adam Wiener sold 18,000 shares of CLEAR Secure stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $43.07, for a total value of $775,260.00. Following the transaction, the director directly owned 147,634 shares in the company, valued at approximately $6,358,596.38. The trade was a 10.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 97,488 shares of company stock valued at $4,579,078 in the last 90 days. Corporate insiders own 39.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its position in shares of CLEAR Secure by 92.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock valued at $39,000 after buying an additional 532 shares in the last quarter. Invesco Ltd. lifted its holdings in CLEAR Secure by 36.5% in the 4th quarter. Invesco Ltd. now owns 1,188,446 shares of the company’s stock worth $41,691,000 after purchasing an additional 318,047 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in CLEAR Secure by 80.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,872 shares of the company’s stock worth $452,000 after purchasing an additional 5,739 shares in the last quarter. Vident Advisory LLC lifted its holdings in CLEAR Secure by 0.8% in the 4th quarter. Vident Advisory LLC now owns 172,339 shares of the company’s stock worth $6,046,000 after purchasing an additional 1,379 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in CLEAR Secure in the 4th quarter worth approximately $204,000. 73.80% of the stock is owned by hedge funds and other 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.