CLEAR Secure, Inc. (NYSE:YOU) Given Consensus Recommendation of “Hold” by Brokerages

CLEAR Secure, Inc. (NYSE:YOU) has earned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com 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 analysts that have issued ratings on the stock in the last year is $53.1429.

A number of research firms have issued reports on YOU. Telsey Advisory Group lifted their price target on CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Wells Fargo & Company raised their target price on CLEAR Secure from $29.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, February 26th. Needham & Company LLC lifted their target price on CLEAR Secure from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. DA Davidson upped their price target on CLEAR Secure from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Finally, Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th.

CLEAR Secure Stock Performance

Shares of NYSE:YOU opened at $51.37 on Monday. CLEAR Secure has a 52-week low of $23.00 and a 52-week high of $56.51. The company has a market capitalization of $6.85 billion, a PE ratio of 45.87 and a beta of 1.10. The company has a fifty day moving average of $41.72 and a 200-day moving average of $37.06.

CLEAR Secure (NYSE:YOU) last released 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. The firm had revenue of $240.75 million for the quarter, compared to analyst estimates of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. On average, equities analysts forecast that CLEAR Secure will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

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

Insider Activity

In related news, Director Adam Wiener sold 18,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $43.07, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dennis W. Liu sold 7,950 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the completion of the sale, the chief accounting officer owned 10,960 shares of the company’s stock, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 97,488 shares of company stock valued at $4,579,078 over the last ninety days. Company insiders own 39.73% of the company’s stock.

Institutional Trading of CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the business. Durable Capital Partners LP boosted its position in 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 purchasing an additional 4,531,161 shares during the last quarter. State Street Corp increased its position in shares of CLEAR Secure by 1.8% during the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock valued at $116,193,000 after purchasing an additional 59,067 shares during the last quarter. First Trust Advisors LP increased its position in shares of CLEAR Secure by 1.2% during the 3rd 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 last quarter. Morgan Stanley raised its stake in shares of CLEAR Secure by 6.0% during the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after purchasing an additional 152,074 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of CLEAR Secure by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock worth $92,150,000 after purchasing an additional 137,249 shares during the period. 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.