CLEAR Secure (NYSE:YOU) Reaches New 1-Year High – Still a Buy?

CLEAR Secure, Inc. (NYSE:YOU)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $61.74 and last traded at $61.3360, with a volume of 533472 shares. The stock had previously closed at $60.14.

Analysts Set New Price Targets

Several brokerages recently weighed in on YOU. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Telsey Advisory Group raised their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CLEAR Secure currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

CLEAR Secure Trading Up 3.4%

The firm’s fifty day moving average price is $52.33 and its two-hundred day moving average price is $41.64. The stock has a market capitalization of $8.29 billion, a PE ratio of 50.15 and a beta of 1.09.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating 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 company had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. During the same quarter last year, the business earned $0.26 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. As a group, sell-side analysts anticipate that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total value of $386,131.50. Following the sale, the chief accounting officer directly owned 10,960 shares of the company’s stock, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam Wiener sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $43.07, for a total value of $775,260.00. Following the completion of the sale, the director owned 147,634 shares of the company’s stock, valued at $6,358,596.38. This trade represents a 10.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 101,900 shares of company stock worth $4,839,474 over the last quarter. Company insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently added to or reduced their stakes in YOU. Durable Capital Partners LP raised its position in CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after acquiring an additional 4,531,161 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of CLEAR Secure by 6,038.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after purchasing an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of CLEAR Secure by 4,573.0% during the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after purchasing an additional 909,152 shares during the last quarter. Norges Bank acquired a new position in shares of CLEAR Secure during the 4th quarter worth about $29,500,000. Finally, Jupiter Asset Management Ltd. lifted its stake in CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after buying an additional 635,400 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.