CLEAR Secure, Inc. (NYSE:YOU) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $54.1429.

Several research firms recently commented on YOU. Needham & Company LLC increased their target price on CLEAR Secure from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Stifel Nicolaus upped their price objective on CLEAR Secure from $38.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. Zacks Research upgraded CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, DA Davidson raised their target price on CLEAR Secure from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th.

Insider Activity at CLEAR Secure

In related news, insider Lynn Haaland sold 11,064 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $47.44, for a total value of $524,876.16. Following the transaction, the insider directly owned 7,375 shares of the company’s stock, valued at $349,870. This trade represents a 60.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Dennis W. Liu sold 7,950 shares of CLEAR Secure stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total transaction of $386,131.50. Following the sale, the chief accounting officer owned 10,960 shares in the company, valued at $532,327.20. This represents a 42.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,488 shares of company stock worth $4,579,078 in the last ninety days. Company insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Several hedge funds have recently made changes to their positions in YOU. Durable Capital Partners LP increased its position in shares of 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 purchasing an additional 4,531,161 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock valued at $48,859,000 after purchasing an additional 1,439,873 shares during the period. Squarepoint Ops LLC grew its stake in 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 buying an additional 909,152 shares during the last quarter. Norges Bank purchased a new position in CLEAR Secure during the 4th quarter worth approximately $29,500,000. Finally, Jupiter Asset Management Ltd. increased its position in CLEAR Secure by 260.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock worth $30,837,000 after buying an additional 635,400 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Up 4.6%

Shares of CLEAR Secure stock opened at $58.82 on Friday. CLEAR Secure has a 52-week low of $23.88 and a 52-week high of $59.56. The company has a market capitalization of $7.84 billion, a P/E ratio of 52.52 and a beta of 1.09. The company has a 50 day moving average of $49.66 and a 200 day moving average of $39.79.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. As a group, research analysts anticipate that CLEAR Secure will post 1.62 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were paid a $0.20 dividend. This represents a yield of 131.0%. The ex-dividend date was Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is currently 53.57%.

CLEAR Secure Company Profile

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.