CLEAR Secure (NYSE:YOU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CLEAR Secure (NYSE:YOU) from a buy rating to a strong-buy rating in a report issued on Saturday.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a research report on Monday, July 20th. Telsey Advisory Group boosted their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Needham & Company LLC increased their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.57.

CLEAR Secure Trading Down 3.2%

Shares of CLEAR Secure stock opened at $43.98 on Friday. The business’s fifty day simple moving average is $53.12 and its 200 day simple moving average is $50.14. CLEAR Secure has a 12 month low of $29.43 and a 12 month high of $69.07. The firm has a market capitalization of $5.95 billion, a P/E ratio of 29.92 and a beta of 1.06.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The firm had revenue of $277.76 million during the quarter, compared to the consensus estimate of $269.71 million. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. Analysts predict that CLEAR Secure will post 1.71 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. CLEAR Secure’s dividend payout ratio (DPR) is presently 40.82%.

Insider Activity

In related news, President Michael Z. Barkin sold 11,550 shares of the company’s 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 sale, the president directly owned 22,994 shares in the company, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the transaction, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. 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. 29.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. One Capital Management LLC bought a new stake in shares of CLEAR Secure during the 4th quarter valued at $1,270,000. Ashford Capital Management Inc. lifted its holdings in CLEAR Secure by 97.5% during the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after purchasing an additional 263,218 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its stake in CLEAR Secure by 50.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $2,210,000 after purchasing an additional 21,000 shares during the period. Wedge Capital Management L L P NC bought a new position in CLEAR Secure in the 2nd quarter worth about $82,542,000. Finally, Jupiter Asset Management Ltd. boosted its stake in CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock worth $30,837,000 after purchasing an additional 635,400 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

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.