CLEAR Secure, Inc. (NYSE:YOU – Get Free Report) CAO Dennis Liu sold 2,104 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the sale, the chief accounting officer owned 15,870 shares of the company’s stock, valued at $705,738.90. This trade represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
CLEAR Secure Trading Up 1.5%
Shares of NYSE YOU traded up $0.64 during mid-day trading on Thursday, reaching $44.67. 1,360,597 shares of the company’s stock were exchanged, compared to its average volume of 1,812,356. CLEAR Secure, Inc. has a twelve month low of $29.43 and a twelve month high of $69.07. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 30.39 and a beta of 1.04. The business has a fifty day simple moving average of $51.05 and a 200 day simple moving average of $51.17.
CLEAR Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The business had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same period in the previous year, the firm earned $0.26 EPS. CLEAR Secure’s quarterly revenue was up 26.6% compared to the same quarter last year. Equities research analysts predict that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.
CLEAR Secure Announces Dividend
Wall Street Analyst Weigh In
YOU has been the subject of a number of research analyst reports. DA Davidson reduced their target price on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings cut CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Wells Fargo & Company lifted their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $60.00 target price on CLEAR Secure in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. assumed coverage on CLEAR Secure in a research note on Monday, August 24th. They issued an “overweight” rating and a $55.00 price target on the stock. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.71.
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Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its stake in shares of CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after buying an additional 685 shares during the period. Caitong International Asset Management Co. Ltd grew its position in CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after buying an additional 619 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the period. Allworth Financial LP increased its stake in CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in CLEAR Secure in the 1st quarter valued at $28,000. 73.80% of the stock is owned by institutional investors.
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 Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.
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