CLEAR Secure (NYSE:YOU) Shares Down 8.7% – Here’s What Happened

CLEAR Secure, Inc. (NYSE:YOU)’s stock price fell 8.7% during mid-day trading on Friday . The company traded as low as $48.52 and last traded at $48.7610. 774,819 shares were traded during mid-day trading, a decline of 55% from the average session volume of 1,717,105 shares. The stock had previously closed at $53.40.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on YOU. Needham & Company LLC lifted their target price on CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Telsey Advisory Group increased their price target on shares of CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Wells Fargo & Company raised their price objective on shares of CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Weiss Ratings lowered shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group set a $61.00 target price on shares of CLEAR Secure and gave the company a “buy” rating in a research note on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.14.

CLEAR Secure Trading Down 10.3%

The firm has a fifty day moving average of $39.98 and a two-hundred day moving average of $36.54. The company has a market cap of $6.38 billion, a PE ratio of 42.76 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Sell-side analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a yield of 131.0%. CLEAR Secure’s dividend payout ratio (DPR) is 53.57%.

Insider Buying and Selling at CLEAR Secure

In related news, 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam Wiener sold 18,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $43.07, for a total transaction of $775,260.00. Following the sale, the director directly owned 147,634 shares in the company, valued at $6,358,596.38. The trade was a 10.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,488 shares of company stock valued at $5,069,078 over the last 90 days. 39.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in CLEAR Secure by 59.7% during the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after buying an additional 101,476 shares in the last quarter. Amundi lifted its holdings in shares of CLEAR Secure by 62.5% in the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure in the first quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CLEAR Secure by 5.6% in 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 acquiring an additional 2,801 shares during the period. Finally, NewEdge Advisors LLC grew its stake 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 acquiring an additional 1,801 shares in the last quarter. 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.