Wall Street Zen cut shares of CLEAR Secure (NYSE:YOU – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.
A number of other brokerages also recently issued reports on YOU. DA Davidson dropped their price target on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. JPMorgan Chase & Co. assumed coverage on shares of CLEAR Secure in a report on Monday, August 24th. They issued an “overweight” rating and a $55.00 target price on the stock. Finally, The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $59.71.
Get Our Latest Stock Analysis on CLEAR Secure
CLEAR Secure Trading Down 1.1%
CLEAR Secure (NYSE:YOU – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. Analysts predict that CLEAR Secure will post 1.88 earnings per share for the current year.
CLEAR Secure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. CLEAR Secure’s dividend payout ratio is currently 40.82%.
Insider Buying and Selling at CLEAR Secure
In other news, President Michael Z. Barkin sold 11,444 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total transaction of $514,980.00. Following the sale, the president directly owned 11,550 shares in the company, valued at approximately $519,750. This represents a 49.77% decrease in their position. The sale was disclosed in a 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, CAO Dennis W. Liu sold 2,104 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were 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 directly owned 15,870 shares of the company’s stock, valued at $705,738.90. The trade was a 11.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 18,047 shares of company stock valued at $808,615 in the last 90 days. Insiders own 29.70% of the company’s stock.
Institutional Investors Weigh In On CLEAR Secure
Several hedge funds and other institutional investors have recently modified their holdings of YOU. Parallel Advisors LLC lifted its holdings in shares of CLEAR Secure by 2,283.3% in the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after buying an additional 685 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after buying an additional 619 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of 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 buying an additional 748 shares during the period. Allworth Financial LP raised its holdings in shares of CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after acquiring an additional 555 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about CLEAR Secure
Here are the key news stories impacting CLEAR Secure this week:
- Positive Sentiment: CLEAR Secure recently announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.3%. The dividend may provide some support for income-focused investors. CLEAR Secure dividend and insider trading report
- Positive Sentiment: Institutional ownership remains high at 73.8%, while several funds increased their positions during the second quarter. California State Teachers’ Retirement System reported a particularly significant increase, adding more than 5.3 million shares.
- Positive Sentiment: The company’s latest quarterly results were stronger than expected: earnings per share reached $0.49 versus a $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million, above expectations.
- Neutral Sentiment: Analyst sentiment is mixed but currently averages a “Hold” rating. Five analysts rate the stock Buy, three rate it Hold and one rates it Sell. The consensus price target is $59.71, above recent trading levels, although DA Davidson recently lowered its target to $55 and retained a Neutral rating. CLEAR Secure analyst consensus report
- Negative Sentiment: Multiple executives sold shares totaling roughly $1.21 million. President Michael Barkin sold 11,444 shares, reducing his position by nearly 50%; EVP Kyle McLaughlin sold 4,499 shares; CAO Dennis Liu sold 2,104 shares; and another vice president sold 9,192 shares, or 31% of that executive’s prior stake. The Liu, McLaughlin and Barkin transactions were conducted under pre-arranged Rule 10b5-1 plans, with Liu’s sale specifically covering tax obligations, which makes the sales less concerning than discretionary selling but still creates short-term supply and sentiment pressure. CLEAR Secure executive share sales
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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