CLEAR Secure, Inc. (NYSE:YOU) Given Average Rating of “Hold” by Brokerages

Shares of CLEAR Secure, Inc. (NYSE:YOU) have received an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $59.7143.

Several analysts recently commented on the company. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a research report on Monday, July 20th. DA Davidson decreased their price objective on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen cut shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings lowered shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

CLEAR Secure Trading Down 0.5%

YOU stock opened at $44.12 on Thursday. CLEAR Secure has a 12-month low of $29.43 and a 12-month high of $69.07. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 30.01 and a beta of 1.04. The business’s 50-day moving average is $50.60 and its 200 day moving average is $51.33.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same period in the previous year, the business earned $0.26 EPS. CLEAR Secure’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, equities analysts forecast that CLEAR Secure will post 1.88 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s dividend payout ratio is currently 40.82%.

Insider Activity at CLEAR Secure

In other news, EVP Kyle McLaughlin sold 4,499 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $200,070.53. Following the transaction, the executive vice president directly owned 29,519 shares in the company, valued at $1,312,709.93. The trade was a 13.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Dennis W. Liu sold 2,104 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the sale, the chief accounting officer owned 15,870 shares of the company’s stock, valued at $705,738.90. This trade represents a 11.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 18,047 shares of company stock valued at $808,615. Corporate insiders own 29.70% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake in shares of CLEAR Secure by 329.5% in the 1st 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 last quarter. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 619 shares during the period. Parallel Advisors LLC increased its position in CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 685 shares during the last quarter. Finally, Allworth Financial LP raised its stake in CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares during the period. 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.