CLEAR Secure (NYSE:YOU) Shares Gap Up – Still a Buy?

Shares of CLEAR Secure, Inc. (NYSE:YOU) gapped up before the market opened on Tuesday . The stock had previously closed at $32.57, but opened at $35.70. CLEAR Secure shares last traded at $35.31, with a volume of 673,672 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Telsey Advisory Group lifted their price objective on shares of CLEAR Secure from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 1st. Finally, Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.33.

CLEAR Secure Stock Up 11.3%

The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 22.16 and a beta of 1.21. The company’s fifty day moving average is $33.12 and its 200 day moving average is $31.67.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $229.19 million for the quarter, compared to the consensus estimate of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. On average, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. CLEAR Secure’s dividend payout ratio (DPR) is 30.49%.

Insiders Place Their Bets

In other CLEAR Secure news, Director Adam Wiener sold 8,000 shares of CLEAR Secure stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total value of $264,160.00. Following the completion of the sale, the director owned 193,634 shares in the company, valued at $6,393,794.68. The trade was a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.73% of the stock is owned by insiders.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Durable Capital Partners LP boosted its stake in shares of CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after buying an additional 4,531,161 shares during the last quarter. First Trust Advisors LP lifted its holdings in CLEAR Secure by 1.2% during the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after acquiring an additional 35,304 shares during the period. Wellington Management Group LLP boosted its position in CLEAR Secure by 5.9% in the third quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock worth $83,103,000 after purchasing an additional 139,048 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of CLEAR Secure by 25.2% during the 2nd quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock valued at $68,687,000 after purchasing an additional 497,871 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after purchasing an additional 430,035 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

CLEAR Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.