Brokerages Set CLEAR Secure, Inc. (NYSE:YOU) Target Price at $58.57

CLEAR Secure, Inc. (NYSE:YOU) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $58.5714.

A number of analysts recently issued reports on YOU shares. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised CLEAR Secure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Needham & Company LLC upped their target price on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. DA Davidson dropped their price target on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a report on Monday, July 20th.

CLEAR Secure Trading Down 1.3%

Shares of NYSE YOU opened at $45.56 on Friday. CLEAR Secure has a 12-month low of $29.43 and a 12-month high of $69.07. The firm’s 50-day moving average price is $53.52 and its 200-day moving average price is $50.00. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 30.99 and a beta of 1.06.

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. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same period in the previous year, the firm earned $0.26 earnings per share. CLEAR Secure’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts predict that CLEAR Secure will post 1.61 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. CLEAR Secure’s dividend payout ratio (DPR) is currently 40.82%.

Insider Transactions at CLEAR Secure

In related news, EVP Kyle Mclaughlin sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the transaction, the executive vice president owned 29,519 shares in the company, valued at $1,658,967.80. The trade was a 21.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president directly owned 22,994 shares in the company, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.70% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Institutional investors have recently bought and sold shares of the business. Durable Capital Partners LP raised its position in CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after acquiring an additional 4,531,161 shares in the last quarter. State Street Corp boosted its position in CLEAR Secure by 1.8% in the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after purchasing an additional 59,067 shares in the last quarter. Morgan Stanley boosted its position in CLEAR Secure by 6.0% in the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after purchasing an additional 152,074 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of CLEAR Secure by 0.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after purchasing an additional 8,883 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of CLEAR Secure by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock worth $92,150,000 after purchasing an additional 137,249 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

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.