CLEAR Secure, Inc. (NYSE:YOU) Receives Average Rating of “Moderate Buy” from Brokerages

CLEAR Secure, Inc. (NYSE:YOU) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $60.00.

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, Telsey Advisory Group upped their price objective 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.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, 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 value of $650,149.50. Following the transaction, the president directly owned 22,994 shares in the company, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. 39.73% of the stock is currently owned by company insiders.

Institutional Trading of CLEAR Secure

Several institutional investors and hedge funds have recently modified their holdings of YOU. Geneos Wealth Management Inc. raised its position in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new position in CLEAR Secure during the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its stake in CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after acquiring an additional 619 shares in the last quarter. Parallel Advisors LLC grew its stake in CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after acquiring an additional 685 shares in the last quarter. Finally, Allworth Financial LP grew 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 valued at $36,000 after acquiring an additional 555 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Stock Up 3.6%

CLEAR Secure stock opened at $57.47 on Tuesday. The company has a market capitalization of $7.66 billion, a PE ratio of 46.35 and a beta of 1.08. The firm has a fifty day simple moving average of $54.59 and a two-hundred day simple moving average of $43.29. CLEAR Secure has a twelve month low of $24.06 and a twelve month high of $62.73.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts expect that CLEAR Secure will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. CLEAR Secure’s dividend payout ratio is 48.39%.

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.