CLEAR Secure, Inc. (NYSE:YOU – Get Free Report) insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CLEAR Secure Stock Performance
Shares of CLEAR Secure stock traded up $0.52 during trading hours on Monday, reaching $59.41. The company’s stock had a trading volume of 1,657,188 shares, compared to its average volume of 1,700,874. The stock’s fifty day simple moving average is $51.81 and its two-hundred day simple moving average is $41.25. CLEAR Secure, Inc. has a one year low of $23.88 and a one year high of $61.68. The company has a market capitalization of $7.92 billion, a P/E ratio of 47.91 and a beta of 1.09.
CLEAR Secure (NYSE:YOU – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. During the same period in the previous year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, research analysts forecast that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.
CLEAR Secure Dividend Announcement
Wall Street Analyst Weigh In
Several research analysts recently weighed in on YOU shares. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Telsey Advisory Group boosted their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.
Read Our Latest Stock Analysis on CLEAR Secure
Institutional Trading of CLEAR Secure
Several hedge funds have recently added to or reduced their stakes in the stock. Durable Capital Partners LP raised its position in CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after acquiring an additional 4,531,161 shares during the period. State Street Corp raised its position in CLEAR Secure by 1.8% in the fourth quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after acquiring an additional 59,067 shares during the period. First Trust Advisors LP raised its position in CLEAR Secure by 1.2% in the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after acquiring an additional 35,304 shares during the period. Morgan Stanley raised its position in CLEAR Secure by 6.0% in the fourth quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after acquiring an additional 152,074 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after acquiring an additional 8,883 shares during the period. Institutional investors own 73.80% of the company’s stock.
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 SeidmanāBecker and Ken Cornick, CLEAR is headquartered in New York City.
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