CLEAR Secure (NYSE:YOU) Sets New 52-Week High – Here’s Why

CLEAR Secure, Inc. (NYSE:YOUGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $61.74 and last traded at $61.3360, with a volume of 533472 shares. The stock had previously closed at $60.14.

Analyst Ratings Changes

YOU has been the topic of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $75.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Telsey Advisory Group boosted their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Needham & Company LLC boosted their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CLEAR Secure currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Check Out Our Latest Research Report on CLEAR Secure

CLEAR Secure Price Performance

The firm’s fifty day moving average is $52.95 and its 200-day moving average is $42.08. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 48.40 and a beta of 1.09.

CLEAR Secure (NYSE:YOUGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating 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 firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. As a group, equities research analysts anticipate that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. CLEAR Secure’s dividend payout ratio is currently 48.39%.

Insider Activity

In other news, CAO Dennis W. Liu sold 7,950 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the transaction, the chief accounting officer owned 10,960 shares in the company, valued at approximately $532,327.20. This represents a 42.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lynn Haaland sold 15,533 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $45.00, for a total transaction of $698,985.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 101,900 shares of company stock valued at $4,839,474. Corporate insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

Institutional investors have recently added to or reduced their stakes in the company. Vest Financial LLC grew its position in CLEAR Secure by 17.7% in the 3rd quarter. Vest Financial LLC now owns 196,667 shares of the company’s stock worth $6,565,000 after purchasing an additional 29,527 shares in the last quarter. First Trust Advisors LP grew its position in CLEAR Secure by 1.2% in the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after purchasing an additional 35,304 shares in the last quarter. Black Swift Group LLC bought a new stake in CLEAR Secure in the 3rd quarter worth about $907,000. CWA Asset Management Group LLC grew its position in CLEAR Secure by 210.8% in the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after purchasing an additional 41,485 shares in the last quarter. Finally, Versor Investments LP bought a new stake in CLEAR Secure in the 3rd quarter worth about $1,152,000. 73.80% of the stock is owned by institutional investors.

About CLEAR Secure

(Get Free Report)

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.

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