CLEAR Secure, Inc. (NYSE:YOU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $60.00.

Several analysts recently commented on YOU shares. The Goldman Sachs Group reiterated a “buy” rating and set a $75.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. DA Davidson reissued a “neutral” rating and set a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company boosted their price objective on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th.

Insiders Place Their Bets

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the transaction, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. This trade represents a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 23,962 shares of company stock valued at $1,360,146. Insiders own 39.73% of the company’s stock.

Institutional Trading of CLEAR Secure

Several institutional investors have recently made changes to their positions in the company. Durable Capital Partners LP lifted its stake in shares of CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock valued at $48,859,000 after purchasing an additional 1,439,873 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after purchasing an additional 909,152 shares during the last quarter. Norges Bank acquired a new position in shares of CLEAR Secure in the 4th quarter valued at $29,500,000. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after purchasing an additional 635,400 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Performance

Shares of YOU opened at $55.08 on Friday. CLEAR Secure has a one year low of $27.23 and a one year high of $62.73. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 44.42 and a beta of 1.08. The stock has a 50 day moving average price of $55.57 and a 200 day moving average price of $45.60.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts predict that CLEAR Secure will post 1.78 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. CLEAR Secure’s payout ratio is 48.39%.

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.