DA Davidson Issues Positive Forecast for CLEAR Secure (NYSE:YOU) Stock Price

CLEAR Secure (NYSE:YOU) had its price objective upped by DA Davidson from $54.00 to $65.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC boosted their price target on CLEAR Secure from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Stifel Nicolaus increased their price objective on CLEAR Secure from $38.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Telsey Advisory Group lifted their price objective on CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group set a $61.00 target price on shares of CLEAR Secure and gave the stock a “buy” rating in a report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.14.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $53.34 on Thursday. The business’s 50-day simple moving average is $39.98 and its 200-day simple moving average is $36.54. CLEAR Secure has a 52 week low of $23.00 and a 52 week high of $56.51. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 47.63 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $235.66 million. During the same period last year, the business posted $0.91 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts forecast that CLEAR Secure will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm 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. This represents a yield of 131.0%. The ex-dividend date was Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is currently 53.57%.

Insider Buying and Selling at CLEAR Secure

In other news, CAO Dennis W. Liu sold 7,950 shares of the firm’s 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 transaction, the chief accounting officer directly owned 10,960 shares in the company, valued at $532,327.20. This trade represents a 42.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction on 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 sale, the president directly owned 5,669 shares of the company’s stock, valued at approximately $273,359.18. This trade represents a 80.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,488 shares of company stock worth $5,069,078 over the last quarter. 39.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CLEAR Secure

Several hedge funds have recently added to or reduced their stakes in YOU. Rockefeller Capital Management L.P. grew its holdings in CLEAR Secure by 92.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock valued at $39,000 after purchasing an additional 532 shares during the period. Invesco Ltd. raised its holdings in CLEAR Secure by 36.5% in the fourth 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 during the period. Mercer Global Advisors Inc. ADV raised its holdings in CLEAR Secure by 80.5% in the fourth 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 during the period. Vident Advisory LLC boosted its position in shares of CLEAR Secure by 0.8% during the fourth 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 bought a new position in shares of CLEAR Secure during the fourth quarter worth $204,000. Institutional investors and hedge funds 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.