CLEAR Secure, Inc. (NYSE:YOU) Receives $59.71 Average Price Target from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOUGet Free Report) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $59.7143.

Several equities analysts recently issued reports on YOU shares. The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a research note on Monday, July 20th. Weiss Ratings lowered shares of CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. 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 price objective for the company. Wall Street Zen downgraded shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th.

Check Out Our Latest Report on YOU

CLEAR Secure News Summary

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

CLEAR Secure Stock Down 1.1%

CLEAR Secure stock opened at $44.12 on Thursday. The business’s 50-day moving average price is $50.83 and its 200 day moving average price is $51.12. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 30.01 and a beta of 1.04. CLEAR Secure has a 52 week low of $29.43 and a 52 week high of $69.07.

CLEAR Secure (NYSE:YOUGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $277.76 million during 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%.CLEAR Secure’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Equities analysts expect that CLEAR Secure will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. CLEAR Secure’s dividend payout ratio is presently 40.82%.

Insiders Place Their Bets

In other CLEAR Secure news, CAO Dennis Liu sold 2,104 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $93,564.88. Following the transaction, the chief accounting officer owned 15,870 shares in the company, valued at approximately $705,738.90. This represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Also, EVP Kyle McLaughlin sold 4,499 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 $200,070.53. Following the completion of the sale, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,312,709.93. The trade was a 13.23% 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. Over the last 90 days, insiders have sold 18,047 shares of company stock worth $808,615. 29.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CLEAR Secure

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP lifted its holdings in CLEAR Secure by 45.8% during the second quarter. Corient Private Wealth LP now owns 33,390 shares of the company’s stock valued at $1,861,000 after purchasing an additional 10,493 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of CLEAR Secure in the second quarter worth approximately $334,000. California State Teachers Retirement System grew its holdings in shares of CLEAR Secure by 5,221.7% during the second quarter. California State Teachers Retirement System now owns 5,437,910 shares of the company’s stock worth $303,055,000 after buying an additional 5,335,727 shares in the last quarter. Odyssean LLC lifted its stake in shares of CLEAR Secure by 58.3% in the second quarter. Odyssean LLC now owns 19,887 shares of the company’s stock worth $1,108,000 after buying an additional 7,322 shares in the last quarter. Finally, Nykredit A S purchased a new position in CLEAR Secure in the 2nd quarter worth approximately $218,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

Analyst Recommendations for CLEAR Secure (NYSE:YOU)

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