CLEAR Secure (NYSE:YOU) Given New $29.00 Price Target at Wells Fargo & Company

CLEAR Secure (NYSE:YOU) had its price target lifted by Wells Fargo & Company from $25.00 to $29.00 in a research note released on Friday,Benzinga reports. They currently have an underweight rating on the stock.

Several other analysts have also commented on the stock. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Telsey Advisory Group raised their price objective on CLEAR Secure from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson started coverage on shares of CLEAR Secure in a research note on Tuesday, September 16th. They issued a “buy” rating and a $45.00 price target for the company. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, The Goldman Sachs Group upped their price target on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CLEAR Secure has an average rating of “Hold” and an average price target of $39.33.

CLEAR Secure Trading Up 12.6%

Shares of NYSE:YOU traded up $4.05 during trading on Friday, reaching $36.07. The company had a trading volume of 3,848,904 shares, compared to its average volume of 1,346,545. The company has a fifty day moving average of $33.71 and a two-hundred day moving average of $30.10. CLEAR Secure has a 12 month low of $21.67 and a 12 month high of $39.00. The stock has a market capitalization of $4.79 billion, a P/E ratio of 21.99 and a beta of 1.23.

CLEAR Secure (NYSE:YOU) last released 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 return on equity of 119.82% and a net margin of 20.97%.The company had revenue of $229.19 million during the quarter, compared to analyst estimates of $224.80 million. During the same quarter in the previous year, the company posted $0.30 EPS. CLEAR Secure’s revenue for the quarter was up 15.5% on a year-over-year basis. CLEAR Secure has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that CLEAR Secure will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. CLEAR Secure’s dividend payout ratio is currently 31.25%.

Insider Buying and Selling at CLEAR Secure

In other news, President Michael Z. Barkin sold 16,050 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $35.22, for a total value of $565,281.00. Following the completion of the sale, the president directly owned 12,725 shares in the company, valued at $448,174.50. This represents a 55.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Adam Wiener sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total value of $264,160.00. Following the transaction, the director owned 193,634 shares of the company’s stock, valued at approximately $6,393,794.68. This trade represents a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,027 shares of company stock worth $1,250,703 in the last three months. 39.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently modified their holdings of YOU. Geneos Wealth Management Inc. increased its position in CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 748 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure in the 1st quarter worth about $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in CLEAR Secure in the first quarter worth about $41,000. Twin Tree Management LP bought a new stake in shares of CLEAR Secure during the 1st quarter worth approximately $49,000. Finally, Fifth Third Bancorp boosted its holdings in CLEAR Secure by 61.8% during 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. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.