Jonathan Schlegel Sells 4,412 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CLEAR Secure Trading Up 0.9%

Shares of NYSE YOU traded up $0.52 during midday trading on Monday, hitting $59.41. The company’s stock had a trading volume of 1,657,188 shares, compared to its average volume of 1,700,874. The stock has a fifty day moving average price of $51.81 and a 200 day moving average price of $41.25. CLEAR Secure, Inc. has a one year low of $23.88 and a one year high of $61.68. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 47.91 and a beta of 1.09.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts predict that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is 48.39%.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in CLEAR Secure by 106.7% in the 1st quarter. Empowered Funds LLC now owns 96,813 shares of the company’s stock worth $4,687,000 after buying an additional 49,977 shares in the last quarter. Ashford Capital Management Inc. grew its stake in CLEAR Secure by 97.5% in the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after buying an additional 263,218 shares in the last quarter. Quantinno Capital Management LP grew its stake in CLEAR Secure by 2.7% in the 1st quarter. Quantinno Capital Management LP now owns 67,605 shares of the company’s stock worth $3,273,000 after buying an additional 1,789 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in CLEAR Secure by 245.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 106,419 shares of the company’s stock worth $5,152,000 after buying an additional 75,639 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in CLEAR Secure by 0.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after buying an additional 8,883 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on YOU. Needham & Company LLC upped their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. DA Davidson reaffirmed a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Telsey Advisory Group upped their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CLEAR Secure presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.