CLEAR Secure, Inc. (NYSE:YOU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CLEAR Secure, Inc. (NYSE:YOU) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $60.00.

Several research firms have weighed in on YOU. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. 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. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Stifel Nicolaus set a $60.00 price target on CLEAR Secure in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th.

Insider Transactions at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lynn Haaland sold 11,064 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $349,870. This represents a 60.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 34,976 shares of company stock valued at $1,821,553. 39.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CLEAR Secure

A number of large investors have recently modified their holdings of the company. First Trust Advisors LP grew its position in CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after acquiring an additional 35,304 shares during the last quarter. Black Swift Group LLC bought a new position in CLEAR Secure during the 3rd quarter worth approximately $907,000. CWA Asset Management Group LLC grew its position in CLEAR Secure by 210.8% during the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after acquiring an additional 41,485 shares during the last quarter. Versor Investments LP bought a new position in CLEAR Secure during the 3rd quarter worth approximately $1,152,000. Finally, Hodges Capital Management Inc. grew its position in CLEAR Secure by 26.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 242,250 shares of the company’s stock worth $8,086,000 after acquiring an additional 50,700 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

CLEAR Secure Stock Down 2.4%

NYSE:YOU opened at $55.34 on Tuesday. The business’s 50-day moving average price is $54.42 and its two-hundred day moving average price is $43.11. CLEAR Secure has a twelve month low of $24.06 and a twelve month high of $62.73. The stock has a market cap of $7.38 billion, a P/E ratio of 44.63 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 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts expect that CLEAR Secure will post 1.78 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

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

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.