Brokerages Set CLEAR Secure, Inc. (NYSE:YOU) Target Price at $59.71

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $59.7143.

Several analysts recently commented on YOU shares. DA Davidson dropped their price target on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a report on Monday, July 20th. Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. began coverage on shares of CLEAR Secure in a report on Monday, August 24th. They set an “overweight” rating and a $55.00 target price for the company. Finally, Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president owned 29,519 shares in the company, valued at approximately $1,312,709.93. This represents a 13.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Dennis Liu sold 2,104 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $93,564.88. Following the completion of the transaction, the chief accounting officer directly owned 15,870 shares in the company, valued at $705,738.90. This trade represents a 11.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 18,047 shares of company stock worth $808,615. Insiders own 29.70% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted 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 worth $35,000 after buying an additional 685 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of CLEAR Secure by 249.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 619 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings 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 worth $25,000 after acquiring an additional 748 shares during the period. Allworth Financial LP raised its holdings in shares of CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares during the period. Finally, Advisors Asset Management Inc. purchased a new position in shares of CLEAR Secure during the 1st quarter worth $28,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Trading Down 1.1%

Shares of CLEAR Secure stock opened at $43.12 on Thursday. CLEAR Secure has a twelve month low of $29.43 and a twelve month high of $69.07. The firm has a market capitalization of $5.83 billion, a PE ratio of 29.33 and a beta of 1.04. The firm’s 50-day moving average price is $50.10 and its 200 day moving average price is $51.47.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.CLEAR Secure’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. On average, sell-side analysts predict that CLEAR Secure will post 1.88 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s dividend payout ratio is currently 40.82%.

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.