CLEAR Secure (NYSE:YOU) CAO Sells $386,131.50 in Stock

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 7,950 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the sale, the chief accounting officer directly owned 10,960 shares in the company, valued at $532,327.20. The trade was a 42.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $46.31 on Friday. CLEAR Secure, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $50.46. The stock has a market cap of $6.17 billion, a PE ratio of 41.35 and a beta of 1.13. The stock has a fifty day moving average of $36.20 and a 200-day moving average of $35.28.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The business had revenue of $240.75 million during the quarter, compared to the consensus estimate of $235.66 million. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, sell-side analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.20 per share. This represents a yield of 129.0%. The ex-dividend date of this dividend is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is 44.64%.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings 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 buying an additional 619 shares during the last quarter. Geneos Wealth Management Inc. grew its position in CLEAR Secure by 329.5% in 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 in the last quarter. Allworth Financial LP grew its position in CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares in the last quarter. Advisors Asset Management Inc. bought a new position in CLEAR Secure in the first quarter valued at $28,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in CLEAR Secure during the third quarter valued at about $50,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

YOU has been the subject of several analyst reports. The Goldman Sachs Group set a $61.00 price target on shares of CLEAR Secure and gave the company a “buy” rating in a report on Wednesday, February 25th. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings cut CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company upped their target price on CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CLEAR Secure 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.