CLEAR Secure (NYSE:YOU) Sets New 52-Week High – Time to Buy?

Shares of CLEAR Secure, Inc. (NYSE:YOU) reached a new 52-week high during trading on Tuesday . The stock traded as high as $59.55 and last traded at $59.2920, with a volume of 1793175 shares traded. The stock had previously closed at $56.23.

Analyst Ratings Changes

Several research firms recently commented on YOU. Wells Fargo & Company raised their price target on shares of CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Telsey Advisory Group lifted their target price on shares of CLEAR Secure from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a research note on Friday. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

CLEAR Secure Stock Up 4.6%

The company has a market cap of $7.84 billion, a P/E ratio of 52.52 and a beta of 1.09. The stock’s 50-day moving average price is $49.17 and its 200 day moving average price is $39.60.

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

CLEAR Secure Announces Dividend

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

Insider Activity

In related news, President Michael Z. Barkin sold 22,885 shares of the business’s stock in a transaction on 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 transaction, the president owned 5,669 shares of the company’s stock, valued at approximately $273,359.18. The trade was a 80.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Dennis W. Liu sold 7,950 shares of the business’s 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 transaction, the chief accounting officer directly owned 10,960 shares in the company, valued at $532,327.20. This trade represents a 42.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 97,488 shares of company stock worth $4,579,078. 39.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently bought and sold shares of YOU. Durable Capital Partners LP increased 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 position in 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 acquiring an additional 1,439,873 shares during the period. Squarepoint Ops LLC increased its position in CLEAR Secure by 4,573.0% during the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares during the period. Norges Bank bought a new position in CLEAR Secure during the fourth quarter worth $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 acquiring an additional 635,400 shares during the period. Institutional investors own 73.80% of the company’s stock.

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.