CLEAR Secure, Inc. (NYSE:YOU) Stock Has Average Target Price of $58.29 According to Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU – Get Free Report) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $58.29.

Several brokerages have recently commented on YOU. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 4th. Wall Street Zen lowered CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a research note on Monday, July 20th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, DA Davidson lowered their target price on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th.

Get Our Latest Stock Report on CLEAR Secure

CLEAR Secure Price Performance

Shares of NYSE YOU opened at $41.54 on Monday. The business’s 50-day moving average price is $45.31 and its two-hundred day moving average price is $51.01. The company has a market capitalization of $5.62 billion, a P/E ratio of 28.26 and a beta of 1.01. CLEAR Secure has a one year low of $29.43 and a one year high of $69.07.

CLEAR Secure (NYSE:YOU – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $277.76 million for the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. On average, equities analysts anticipate that CLEAR Secure will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a dividend of $0.15 per share. The ex-dividend date was 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 (DPR) is 40.82%.

Insiders Place Their Bets

In related news, 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 transaction of $93,564.88. Following the transaction, the chief accounting officer owned 15,870 shares of the company’s stock, valued at approximately $705,738.90. This trade represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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. Also, EVP Kyle McLaughlin sold 4,499 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the completion of the transaction, the executive vice president owned 29,519 shares in the company, valued at $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. Insiders have sold 18,047 shares of company stock valued at $808,615 over the last quarter. Insiders own 29.70% of the company’s stock.

Institutional Trading of CLEAR Secure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its position in shares of CLEAR Secure by 0.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock valued at $129,784,000 after buying an additional 8,883 shares during the last quarter. Geode Capital Management LLC raised its position in shares of CLEAR Secure by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company’s stock valued at $86,069,000 after buying an additional 20,419 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CLEAR Secure by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company’s stock worth $82,848,000 after acquiring an additional 40,880 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in CLEAR Secure in the second quarter worth $82,542,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of CLEAR Secure during the second quarter valued at approximately $47,722,000. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Company Profile

(Get Free Report)

CLEAR Secure, Inc (NYSE: YOU) operates a secure identity platform designed to help people verify who they are and move through airports, venues and other locations more efficiently. Its technology uses biometric authentication, including facial and fingerprint recognition, alongside identity verification to provide secure, convenient access.

The company’s primary consumer offering is CLEAR+, a membership service that allows enrolled members to use dedicated lanes at participating airports for identity verification before proceeding to security screening.

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Analyst Recommendations for CLEAR Secure (NYSE:YOU)

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