CLEAR Secure, Inc. (NYSE:YOU – Get Free Report) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $59.2857.
YOU has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Telsey Advisory Group lifted their price target on CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th.
Check Out Our Latest Stock Report on CLEAR Secure
CLEAR Secure Stock Down 0.4%
CLEAR Secure (NYSE:YOU – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, sell-side analysts expect that CLEAR Secure will post 1.79 EPS for the current year.
CLEAR Secure Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 48.39%.
Insider Transactions at CLEAR Secure
In related news, EVP Kyle Mclaughlin sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. The trade was a 21.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the sale, the president directly owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This represents a 33.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 23,962 shares of company stock worth $1,360,146. 29.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Durable Capital Partners LP raised its holdings in CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after acquiring an additional 4,531,161 shares during the period. State Street Corp boosted its holdings in shares of CLEAR Secure by 1.8% during 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. Morgan Stanley boosted its holdings in shares of CLEAR Secure by 6.0% during 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. Arrowstreet Capital Limited Partnership grew its position in shares of CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock valued at $129,784,000 after purchasing an additional 8,883 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of CLEAR Secure by 5.5% in the fourth quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock valued at $92,150,000 after purchasing an additional 137,249 shares during the last quarter. Institutional investors and hedge funds 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.
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