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

CLEAR Secure, Inc. (NYSE:YOU) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat 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 assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $60.00.

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Zacks Research upgraded CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. DA Davidson restated a “neutral” rating and set a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, Telsey Advisory Group raised their price target on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th.

CLEAR Secure Stock Up 0.6%

NYSE YOU opened at $53.02 on Friday. The stock’s 50-day simple moving average is $55.40 and its two-hundred day simple moving average is $45.39. CLEAR Secure has a twelve month low of $26.34 and a twelve month high of $62.73. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 42.76 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, 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 was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a $0.15 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. CLEAR Secure’s payout ratio is currently 48.39%.

Insider Transactions at CLEAR Secure

In other news, EVP Kyle Mclaughlin sold 8,000 shares of CLEAR Secure stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares in the company, valued at approximately $1,658,967.80. The trade was a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a 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 CLEAR Secure stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,962 shares of company stock worth $1,360,146. Company insiders own 39.73% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. One Capital Management LLC bought a new stake in shares of CLEAR Secure in the fourth quarter worth about $1,270,000. First Trust Advisors LP grew its stake in shares of CLEAR Secure by 1.2% in the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after purchasing an additional 35,304 shares during the last quarter. Black Swift Group LLC bought a new stake in shares of CLEAR Secure in the third quarter worth about $907,000. CWA Asset Management Group LLC grew its stake in shares of CLEAR Secure by 210.8% in the fourth quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after purchasing an additional 41,485 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. grew its stake in shares of CLEAR Secure by 50.0% in the fourth 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 last quarter. Hedge funds and other institutional investors 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.