CLEAR Secure, Inc. (YOU) – What Are Brokerages Saying About This Stock?

CLEAR Secure, Inc. (NYSE:YOU) has earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $58.29.

Several equities analysts have issued reports on YOU shares. DA Davidson cut their target price on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a research note on Monday, July 20th. Wall Street Zen cut shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of CLEAR Secure in a research report on Wednesday, October 7th.

Insiders Place Their Bets

In other CLEAR Secure news, CAO Dennis W. Liu sold 2,104 shares of CLEAR Secure 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 sale, the chief accounting officer owned 15,870 shares in the company, valued at $705,738.90. The trade was a 11.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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, EVP Kyle McLaughlin sold 4,499 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 $200,070.53. Following the completion of the transaction, the executive vice president owned 29,519 shares in the company, valued at approximately $1,312,709.93. This trade represents a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over 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 Trading of CLEAR Secure

Large investors have recently modified their holdings of the business. Congress Asset Management Co. bought a new position in CLEAR Secure in the 3rd quarter worth about $78,843,000. Wedge Capital Management L L P NC bought a new stake in CLEAR Secure during the second quarter worth approximately $82,542,000. Bank of New York Mellon Corp purchased a new stake in shares of CLEAR Secure during the second quarter valued at $47,722,000. Ashford Capital Management Inc. boosted its holdings in shares of CLEAR Secure by 97.5% in the first quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after buying an additional 263,218 shares during the period. Finally, Sei Investments Co. boosted its position in shares of CLEAR Secure by 32.9% in the first quarter. Sei Investments Co. now owns 349,368 shares of the company’s stock worth $16,913,000 after buying an additional 86,430 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Stock Up 1.4%

NYSE YOU opened at $46.10 on Friday. CLEAR Secure has a 52 week low of $30.23 and a 52 week high of $69.07. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 31.36 and a beta of 1.01. The company has a fifty day moving average of $42.87 and a two-hundred day moving average of $47.42.

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

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. CLEAR Secure’s payout ratio is presently 40.82%.

CLEAR Secure Company Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.