CLEAR Secure (NYSE:YOU) Price Target Raised to $90.00

CLEAR Secure (NYSE:YOU) had its price target lifted by Needham & Company LLC from $70.00 to $90.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on YOU. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a research note on Monday, July 20th. JPMorgan Chase & Co. assumed coverage on CLEAR Secure in a research report on Monday, August 24th. They set an “overweight” rating and a $55.00 price target on the stock. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen cut CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, DA Davidson dropped their target price on shares of CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $66.86.

CLEAR Secure Trading Down 1.5%

Shares of NYSE:YOU traded down $0.84 during midday trading on Wednesday, hitting $55.66. The company had a trading volume of 1,368,094 shares, compared to its average volume of 1,256,617. CLEAR Secure has a 12 month low of $30.98 and a 12 month high of $69.07. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 32.74 and a beta of 0.99. The firm has a fifty day simple moving average of $43.86 and a 200 day simple moving average of $47.95.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company had revenue of $292.85 million for the quarter, compared to analysts’ expectations of $286.65 million. During the same period last year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities analysts forecast that CLEAR Secure will post 1.88 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Thursday, December 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. CLEAR Secure’s dividend payout ratio (DPR) is currently 35.29%.

Insider Activity

In other news, President Michael Barkin sold 11,444 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the transaction, the president directly owned 11,550 shares of the company’s stock, valued at $519,750. This represents a 49.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Dennis Liu sold 3,507 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $59.60, for a total value of $209,017.20. Following the transaction, the chief accounting officer directly owned 12,363 shares of the company’s stock, valued at $736,834.80. This represents a 22.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,554 shares of company stock worth $1,017,633 over the last three months. Corporate insiders own 29.70% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its position 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 acquiring an additional 685 shares in the last quarter. Jacobi Capital Management LLC acquired a new stake in CLEAR Secure in the 3rd quarter worth about $36,000. Rockefeller Capital Management L.P. raised its position in shares of CLEAR Secure by 92.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock valued at $39,000 after buying an additional 532 shares in the last quarter. Reyes Financial Architecture Inc. bought a new stake in shares of CLEAR Secure in the third quarter valued at approximately $55,000. Finally, Allworth Financial LP boosted its stake in shares of CLEAR Secure by 26.9% in the third quarter. Allworth Financial LP now owns 1,559 shares of the company’s stock valued at $65,000 after buying an additional 330 shares during the period. 73.80% of the stock is owned by institutional investors.

Trending Headlines about CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

CLEAR Secure Company Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.