CLEAR Secure (NYSE:YOU) Upgraded at Zacks Research

Zacks Research upgraded shares of CLEAR Secure (NYSE:YOU) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

A number of other research firms have also commented on YOU. Weiss Ratings lowered CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Wells Fargo & Company lifted their target price on CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. The Goldman Sachs Group set a $61.00 target price on CLEAR Secure and gave the stock a “buy” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their target price on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, DA Davidson lifted their target price on CLEAR Secure from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.14.

CLEAR Secure Stock Down 2.7%

YOU stock opened at $56.80 on Monday. CLEAR Secure has a twelve month low of $23.76 and a twelve month high of $59.51. The firm has a market cap of $7.57 billion, a PE ratio of 50.71 and a beta of 1.10. The business has a 50 day moving average of $46.64 and a 200 day moving average of $38.56.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The company had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts expect that CLEAR Secure will post 1.61 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

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

Insider Transactions at CLEAR Secure

In related news, Director Adam Wiener sold 15,000 shares of CLEAR Secure stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $50.00, for a total value of $750,000.00. Following the completion of the sale, the director owned 132,634 shares of the company’s stock, valued at $6,631,700. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Dennis W. Liu sold 7,950 shares of CLEAR Secure stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total value of $386,131.50. Following the completion of the sale, the chief accounting officer directly owned 10,960 shares of the company’s stock, valued at $532,327.20. The trade was a 42.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 97,488 shares of company stock worth $4,579,078. 39.73% of the stock is currently owned by insiders.

Institutional Trading of CLEAR Secure

Several large investors have recently modified their holdings of YOU. Durable Capital Partners LP grew its holdings in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after acquiring an additional 4,531,161 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of CLEAR Secure by 6,038.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after acquiring an additional 1,439,873 shares during the period. Squarepoint Ops LLC grew its holdings in shares of CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares during the period. Norges Bank bought a new stake in shares of CLEAR Secure in the fourth quarter worth $29,500,000. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of CLEAR Secure by 260.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock worth $30,837,000 after acquiring an additional 635,400 shares during the period. Institutional investors own 73.80% of the company’s stock.

About CLEAR Secure

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.