Brokerages Set CLEAR Secure, Inc. (NYSE:YOU) Target Price at $40.86

CLEAR Secure, Inc. (NYSE:YOU) has been given an average rating of “Hold” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $40.8571.

Several research analysts have recently issued reports on YOU shares. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.00 to $42.00 in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of CLEAR Secure in a report on Monday, December 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of CLEAR Secure in a research note on Wednesday, December 17th. Stifel Nicolaus set a $38.00 target price on shares of CLEAR Secure in a report on Thursday, November 6th. Finally, Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th.

CLEAR Secure Stock Down 1.3%

YOU stock opened at $35.37 on Friday. The company has a market cap of $4.71 billion, a P/E ratio of 21.57 and a beta of 1.21. CLEAR Secure has a twelve month low of $21.67 and a twelve month high of $42.29. The business has a fifty day moving average of $34.92 and a 200-day moving average of $32.94.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $229.19 million for the quarter, compared to analysts’ expectations of $224.80 million. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. As a group, equities research analysts anticipate that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.4%. CLEAR Secure’s dividend payout ratio is presently 30.49%.

Insider Transactions at CLEAR Secure

In other news, Director Adam Wiener sold 8,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $40.00, for a total transaction of $320,000.00. Following the completion of the transaction, the director directly owned 179,634 shares in the company, valued at approximately $7,185,360. The trade was a 4.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lynn Haaland sold 15,532 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the sale, the insider owned 15,533 shares in the company, valued at $636,853. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,532 shares of company stock worth $1,437,212. Company insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in CLEAR Secure by 187.7% during the 1st quarter. Russell Investments Group Ltd. now owns 45,744 shares of the company’s stock worth $1,185,000 after buying an additional 29,846 shares during the period. American Century Companies Inc. increased its position in shares of CLEAR Secure by 42.8% during the first quarter. American Century Companies Inc. now owns 58,824 shares of the company’s stock worth $1,524,000 after acquiring an additional 17,636 shares in the last quarter. Northern Trust Corp increased its position in shares of CLEAR Secure by 8.7% during the first quarter. Northern Trust Corp now owns 1,137,686 shares of the company’s stock worth $29,477,000 after acquiring an additional 90,714 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of CLEAR Secure by 424.3% during the first quarter. Hsbc Holdings PLC now owns 63,205 shares of the company’s stock worth $1,637,000 after acquiring an additional 51,151 shares during the period. Finally, Ieq Capital LLC lifted its position in CLEAR Secure by 28.4% in the 1st quarter. Ieq Capital LLC now owns 26,310 shares of the company’s stock valued at $682,000 after acquiring an additional 5,827 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.