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

CLEAR Secure, Inc. (NYSE:YOU) has earned an average rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $58.29.

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

Insider Activity at CLEAR Secure

In related news, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $200,070.53. Following the sale, the executive vice president owned 29,519 shares of the company’s stock, valued at approximately $1,312,709.93. This represents a 13.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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, CAO Dennis Liu sold 2,104 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the transaction, the chief accounting officer owned 15,870 shares of the company’s stock, valued at approximately $705,738.90. This represents a 11.71% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last three months, insiders have sold 18,047 shares of company stock worth $808,615. 29.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of CLEAR Secure by 109.4% in the second quarter. Tidal Investments LLC now owns 30,221 shares of the company’s stock valued at $1,684,000 after acquiring an additional 15,792 shares during the period. Integrated Wealth Concepts LLC bought a new stake in CLEAR Secure during the 2nd quarter worth approximately $176,000. NewEdge Advisors LLC increased its holdings in CLEAR Secure by 30.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,708 shares of the company’s stock worth $1,210,000 after acquiring an additional 5,006 shares during the period. IFP Advisors Inc lifted its stake in CLEAR Secure by 162.0% in the 2nd quarter. IFP Advisors Inc now owns 1,991 shares of the company’s stock worth $111,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in CLEAR Secure by 5.1% in the 2nd quarter. Baird Financial Group Inc. now owns 334,357 shares of the company’s stock worth $18,634,000 after purchasing an additional 16,249 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

CLEAR Secure Stock Performance

Shares of CLEAR Secure stock opened at $42.16 on Monday. CLEAR Secure has a 52-week low of $29.43 and a 52-week high of $69.07. The stock’s 50-day simple moving average is $45.72 and its 200 day simple moving average is $51.07. The stock has a market capitalization of $5.70 billion, a P/E ratio of 28.68 and a beta of 1.04.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities research analysts forecast that CLEAR Secure will post 1.88 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, September 10th. CLEAR Secure’s payout ratio is presently 40.82%.

About CLEAR Secure

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.