CLEAR Secure (NYSE:YOU) Reaches New 12-Month High After Earnings Beat

Shares of CLEAR Secure, Inc. (NYSE:YOU) reached a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $69.07 and last traded at $59.51, with a volume of 686173 shares. The stock had previously closed at $55.73.

The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share.

Analysts Set New Price Targets

Several equities research analysts have recently commented on YOU shares. Wells Fargo & Company lifted their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a report on Thursday, May 7th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Telsey Advisory Group upped their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CLEAR Secure presently has an average rating of “Hold” and a consensus price target of $58.57.

Insider Buying and Selling

In related news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares of the company’s stock, valued at $1,294,332.26. The trade was a 33.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,962 shares of company stock valued at $1,360,146 in the last 90 days. 29.70% of the stock is owned by insiders.

Institutional Trading of CLEAR Secure

Large investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in CLEAR Secure by 6.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock worth $184,000 after buying an additional 323 shares during the period. GAMMA Investing LLC grew its stake in CLEAR Secure by 4.3% in the second quarter. GAMMA Investing LLC now owns 8,578 shares of the company’s stock valued at $478,000 after acquiring an additional 351 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of CLEAR Secure by 3.6% in the first quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock worth $617,000 after acquiring an additional 447 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of CLEAR Secure by 13.4% in the fourth quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock worth $134,000 after acquiring an additional 451 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of CLEAR Secure by 6.9% during the 1st quarter. Pacer Advisors Inc. now owns 7,564 shares of the company’s stock valued at $366,000 after purchasing an additional 489 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Performance

The company has a 50-day moving average of $54.35 and a 200-day moving average of $49.23. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 49.02 and a beta of 1.06.

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.