CLEAR Secure, Inc. (NYSE:YOU) Receives $58.57 Consensus Target Price from Brokerages

CLEAR Secure, Inc. (NYSE:YOU) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $58.5714.

Several equities analysts have recently issued reports on YOU shares. Telsey Advisory Group lifted their price target on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research note on Thursday, May 7th. Needham & Company LLC lifted their target price on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th.

CLEAR Secure Trading Down 5.8%

NYSE YOU opened at $48.26 on Friday. The firm’s 50 day simple moving average is $53.89 and its 200 day simple moving average is $49.85. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 32.83 and a beta of 1.06. CLEAR Secure has a 1 year low of $29.43 and a 1 year high of $69.07.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million during the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities research analysts forecast that CLEAR Secure will post 1.61 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. CLEAR Secure’s payout ratio is 40.82%.

Insider Buying and Selling

In related news, insider Jonathan Schlegel sold 4,412 shares of the company’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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Z. Barkin sold 11,550 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the transaction, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,962 shares of company stock worth $1,360,146 in the last three months. 29.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in shares of CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after buying an additional 685 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 619 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the period. Allworth Financial LP lifted its stake in shares of CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in CLEAR Secure in the first quarter valued at approximately $28,000. 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.