CLEAR Secure, Inc. (NYSE:YOU) Receives $40.86 Average Target Price from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $40.8571.

A number of research analysts have issued reports on YOU shares. DA Davidson set a $46.00 price objective on CLEAR Secure and gave the company a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Wells Fargo & Company upped their price target on shares of CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $42.00 in a report on Friday, December 12th.

CLEAR Secure Price Performance

NYSE:YOU opened at $35.30 on Wednesday. The firm has a market capitalization of $4.70 billion, a P/E ratio of 21.52 and a beta of 1.22. CLEAR Secure has a one year low of $21.67 and a one year high of $42.29. The company’s 50-day simple moving average is $35.57 and its 200 day simple moving average is $33.97.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The business had revenue of $229.19 million during the quarter, compared to the consensus estimate of $224.80 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts expect that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, December 10th. CLEAR Secure’s payout ratio is presently 30.49%.

Insider Activity at CLEAR Secure

In other news, Director Adam Wiener sold 14,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the transaction, the director directly owned 165,634 shares of the company’s stock, valued at $5,797,190. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the sale, the insider directly owned 15,533 shares in the company, valued at $636,853. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,532 shares of company stock worth $1,663,052 over the last ninety days. 39.73% of the stock is currently owned by insiders.

Institutional Trading of CLEAR Secure

A number of hedge funds have recently bought and sold shares of YOU. Geneos Wealth Management Inc. raised its holdings in CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 748 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure during the first quarter valued at about $28,000. Fifth Third Bancorp raised its stake in shares of CLEAR Secure by 61.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,806 shares of the company’s stock valued at $50,000 after acquiring an additional 690 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock worth $50,000 after acquiring an additional 330 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of CLEAR Secure during the third quarter worth $50,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.