CLEAR Secure (NYSE:YOU) President Sells $340,310.88 in Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 7,056 shares of CLEAR Secure stock in a transaction on Friday, February 27th. The shares were sold at an average price of $48.23, for a total value of $340,310.88. Following the completion of the transaction, the president owned 5,669 shares in the company, valued at $273,415.87. The trade was a 55.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CLEAR Secure Price Performance

Shares of NYSE:YOU opened at $47.29 on Friday. The business has a 50-day moving average of $35.99 and a two-hundred day moving average of $35.19. The firm has a market capitalization of $6.30 billion, a PE ratio of 42.22 and a beta of 1.13. CLEAR Secure, Inc. has a 12 month low of $23.00 and a 12 month high of $50.46.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $240.75 million during the quarter, compared to analysts’ expectations of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, research analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a dividend yield of 129.0%. CLEAR Secure’s dividend payout ratio is presently 53.57%.

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YOU. Geneos Wealth Management Inc. increased its position in shares of CLEAR Secure by 329.5% during the first 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 last quarter. Advisors Asset Management Inc. purchased a new position in CLEAR Secure in the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its stake in CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 619 shares in the last quarter. Allworth Financial LP grew its stake in CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in CLEAR Secure by 22.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock worth $50,000 after purchasing an additional 330 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on YOU. Telsey Advisory Group lifted their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Stifel Nicolaus raised their price objective on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Needham & Company LLC upped their target price on CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group set a $61.00 target price on CLEAR Secure and gave the company a “buy” rating in a report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.57.

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.