CLEAR Secure, Inc. (NYSE:YOU) Receives $51.57 Average PT from Brokerages

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $51.5714.

A number of research firms have commented on YOU. Telsey Advisory Group upped their price target on CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Stifel Nicolaus boosted their target price on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. DA Davidson upped their target price on CLEAR Secure from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. raised their price target on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th.

CLEAR Secure Trading Up 4.7%

YOU stock opened at $46.73 on Thursday. The firm’s 50-day moving average price is $37.44 and its two-hundred day moving average price is $35.69. CLEAR Secure has a 12-month low of $23.00 and a 12-month high of $50.46. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 41.72 and a beta of 1.12.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. CLEAR Secure’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. Equities analysts predict that CLEAR Secure will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.20 dividend. This represents a dividend yield of 131.0%. The ex-dividend date of this dividend is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 53.57%.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total value of $386,131.50. Following the completion of the sale, the chief accounting officer directly owned 10,960 shares in the company, valued at $532,327.20. This trade represents a 42.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction that occurred 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 directly owned 5,669 shares in the company, valued at approximately $273,359.18. The trade was a 80.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 111,488 shares of company stock worth $5,069,078. 39.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in YOU. Royal Bank of Canada boosted its position in shares of CLEAR Secure by 59.7% during the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after purchasing an additional 101,476 shares in the last quarter. Amundi raised its holdings in CLEAR Secure by 62.5% in the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after purchasing an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. bought a new position in CLEAR Secure in the first quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CLEAR Secure by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after buying an additional 2,801 shares during the period. Finally, NewEdge Advisors LLC lifted its position in CLEAR Secure by 64.7% during the first quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after buying an additional 1,801 shares during the period. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Company Profile

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.