CLEAR Secure (NYSE:YOU) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of CLEAR Secure (NYSE:YOU) from a hold rating to a buy rating in a report published on Saturday morning.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $75.00 price target on shares of CLEAR Secure in a research report on Thursday. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

CLEAR Secure Stock Performance

NYSE:YOU opened at $56.65 on Friday. CLEAR Secure has a one year low of $23.88 and a one year high of $61.68. The business’s 50-day simple moving average is $50.71 and its 200 day simple moving average is $40.19. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 45.68 and a beta of 1.09.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter last year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts predict that CLEAR Secure will post 1.62 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 annualized dividend and a yield of 1.1%. CLEAR Secure’s dividend payout ratio is 48.39%.

Insider Buying and Selling at CLEAR Secure

In related news, President Michael Z. Barkin sold 22,885 shares of the stock in a transaction dated Sunday, March 1st. The shares were sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the sale, the president owned 5,669 shares in the company, valued at $273,359.18. This represents a 80.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lynn Haaland sold 11,064 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total transaction of $524,876.16. Following the sale, the insider owned 7,375 shares in the company, valued at approximately $349,870. This trade represents a 60.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,488 shares of company stock worth $4,579,078 in the last ninety days. Insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently bought and sold shares of YOU. Geneos Wealth Management Inc. raised its stake in CLEAR Secure by 329.5% during the first 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. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure in the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 619 shares during the period. Parallel Advisors LLC increased 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 purchasing an additional 685 shares during the period. Finally, Allworth Financial LP increased its stake 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 purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Key Stories Impacting CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: Telsey Advisory Group raised its price target on CLEAR Secure to $68 from $62 and kept an outperform rating, signaling confidence in further upside after the company’s recent results.
• Positive Sentiment: The company reported Q1 earnings above estimates, with EPS of $0.38 versus $0.35 expected and revenue of $253.0 million versus $244.38 million expected, showing continued growth of 19.7% year over year.
• Neutral Sentiment: CLEAR Secure announced a quarterly dividend of $0.15 per share, which may support investor interest but is not likely the main driver of the stock’s move.
• Negative Sentiment: DA Davidson downgraded CLEAR Secure from strong-buy to hold, even though it set a $60 price target, suggesting the stock may be nearing fair value after its recent rally.
• Negative Sentiment: Wells Fargo raised its price target to $40 but maintained an underweight rating, indicating continued concern about the stock’s valuation and downside risk relative to current levels.

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.