Jonathan Schlegel Sells 4,412 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CLEAR Secure Stock Performance

NYSE YOU opened at $60.07 on Wednesday. The firm has a 50-day moving average of $52.33 and a 200-day moving average of $41.64. The stock has a market cap of $8.01 billion, a PE ratio of 48.44 and a beta of 1.09. CLEAR Secure, Inc. has a 52-week low of $23.88 and a 52-week high of $61.68.

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

CLEAR Secure Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on YOU shares. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Zacks Research upgraded CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Telsey Advisory Group boosted their price target on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC boosted their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CLEAR Secure has an average rating of “Moderate Buy” and an average price target of $60.00.

Hedge Funds Weigh In On CLEAR Secure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 748 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in CLEAR Secure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its holdings in CLEAR Secure by 249.6% in the 4th 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 raised its holdings in CLEAR Secure by 2,283.3% in the 1st 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 raised its holdings in CLEAR Secure by 118.8% in the 4th 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 owned by institutional investors and hedge funds.

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.