CLEAR Secure, Inc. (NYSE:YOU) Stock Has Average Price Target of $58.29 According to Brokerages

CLEAR Secure, Inc. (NYSE:YOU) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $58.29.

A number of research analysts recently issued reports on the company. DA Davidson cut their price objective on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, September 11th. JPMorgan Chase & Co. initiated coverage on shares of CLEAR Secure in a report on Monday, August 24th. They issued an “overweight” rating and a $55.00 target price for the company. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a report on Monday, July 20th. Finally, Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

Insider Activity at CLEAR Secure

In related news, President Michael Z. Barkin sold 11,444 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total value of $514,980.00. Following the completion of the transaction, the president owned 11,550 shares of the company’s stock, valued at approximately $519,750. This represents a 49.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president owned 29,519 shares of the company’s stock, valued at $1,312,709.93. The trade was a 13.23% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 18,047 shares of company stock worth $808,615. 29.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CLEAR Secure

Several large investors have recently made changes to their positions in YOU. Arrowstreet Capital Limited Partnership grew its position in shares of CLEAR Secure by 0.3% during the first 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in CLEAR Secure by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company’s stock valued at $82,848,000 after purchasing an additional 40,880 shares during the period. Wedge Capital Management L L P NC purchased a new position in CLEAR Secure in the 2nd quarter worth approximately $82,542,000. Congress Asset Management Co. purchased a new position in CLEAR Secure in the 3rd quarter worth approximately $78,843,000. Finally, Copeland Capital Management LLC lifted its holdings in CLEAR Secure by 4.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,761,051 shares of the company’s stock worth $73,876,000 after purchasing an additional 78,553 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Stock Performance

NYSE YOU opened at $45.44 on Friday. The business’s fifty day moving average is $42.75 and its 200 day moving average is $50.31. CLEAR Secure has a fifty-two week low of $30.23 and a fifty-two week high of $69.07. The company has a market capitalization of $6.15 billion, a PE ratio of 30.91 and a beta of 1.01.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. The business had revenue of $277.76 million during the quarter, compared to analysts’ expectations of $269.71 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. The business’s quarterly revenue was up 26.6% on a year-over-year basis. On average, sell-side analysts forecast that CLEAR Secure will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 40.82%.

About CLEAR Secure

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.