CLEAR Secure (NYSE:YOU) Sets New 52-Week High – What’s Next?

CLEAR Secure, Inc. (NYSE:YOU)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $62.54 and last traded at $62.41, with a volume of 634521 shares trading hands. The stock had previously closed at $60.06.

Analysts Set New Price Targets

A number of brokerages recently issued reports on YOU. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a report on Thursday, May 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 price objective on shares of CLEAR Secure in a report on Thursday, May 7th. Wells Fargo & Company increased their price objective on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Finally, Needham & Company LLC increased their price objective on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

CLEAR Secure Trading Up 4.0%

The business has a 50-day moving average price of $53.56 and a 200 day moving average price of $42.49. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 50.37 and a beta of 1.09.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, analysts anticipate that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.

CLEAR Secure Announces Dividend

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

Insider Activity at CLEAR Secure

In other news, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Z. Barkin sold 22,885 shares of the stock in a transaction on Sunday, March 1st. The shares were sold at an average price of $48.22, for a total value of $1,103,514.70. Following the sale, the president owned 5,669 shares of the company’s stock, valued at $273,359.18. This trade represents a 80.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 101,900 shares of company stock worth $4,839,474. 39.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Durable Capital Partners LP lifted its holdings in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of CLEAR Secure by 6,038.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock valued at $48,859,000 after purchasing an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after purchasing an additional 909,152 shares in the last quarter. Norges Bank purchased a new stake in shares of CLEAR Secure in the fourth quarter valued at $29,500,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of CLEAR Secure by 260.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after purchasing an additional 635,400 shares in the last quarter. 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.