Brokerages Set CLEAR Secure, Inc. (NYSE:YOU) PT at $60.00

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $60.00.

YOU has been the subject of several recent research reports. DA Davidson reissued a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $60.00 price target on CLEAR Secure in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $75.00 price target on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th.

CLEAR Secure Trading Up 2.9%

NYSE YOU opened at $56.02 on Wednesday. The company has a market cap of $7.47 billion, a P/E ratio of 45.18 and a beta of 1.08. The company has a fifty day simple moving average of $55.40 and a 200 day simple moving average of $47.49. CLEAR Secure has a 12-month low of $28.39 and a 12-month high of $62.73.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Sell-side analysts predict that CLEAR Secure will post 1.79 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. CLEAR Secure’s payout ratio is presently 48.39%.

Insider Buying and Selling

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,962 shares of company stock worth $1,360,146. 29.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after buying an additional 619 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of CLEAR Secure by 2,283.3% in the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after buying an additional 685 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after buying an additional 555 shares during the last quarter. 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.